Regional
9:46 am
Thu February 20, 2003

Working A Few Extra Years Can Help

Bowling Green, Kentucky – A spokesman for the Kentucky Teacher Retirement System says many educators who plan to retire after 27 years should consider working a little longer. Member Services Director Bill Leach says rising health insurance costs and uncertainty about the future cost of living could make it more difficult to predict adequate retirement income levels. Leach says many teachers in the state have the mistaken impression that they will receive their maximum retirement benefit after 27 years of service. He says, in many cases, working a few extra years can lead to a more comfortable retirement income level.