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<blockquote data-quote="herofan" data-source="post: 1045490" data-attributes="member: 17843"><p>Oh, I guess i didn't even mention my career; I'm a KY teacher. The plan is a Defined Benefit instead of a Defined Contribution. To be honest, I don't know all the technicalities of the plan, there are documents a mile long, but it is a great plan. It's not tied to fluctuations in the stock market. A few years ago when the stock market went down and it affected a lot of retirements, it had no impact on KY teachers who were retiring. </p><p></p><p>It may go belly-up just about the time I retire, but it's been good for 75 years; I hope it continues.</p></blockquote><p></p>
[QUOTE="herofan, post: 1045490, member: 17843"] Oh, I guess i didn't even mention my career; I'm a KY teacher. The plan is a Defined Benefit instead of a Defined Contribution. To be honest, I don't know all the technicalities of the plan, there are documents a mile long, but it is a great plan. It's not tied to fluctuations in the stock market. A few years ago when the stock market went down and it affected a lot of retirements, it had no impact on KY teachers who were retiring. It may go belly-up just about the time I retire, but it's been good for 75 years; I hope it continues. [/QUOTE]
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