19 June 2022 11:55

I have a 414(h) pension plan as a teacher in New Jersey. Am I permitted to also contribute yearly to an individual Ira?

Do NJ teachers get pension and Social Security?

In New Jersey, teachers Social Security is paid by the state and is a large expense: $785.5 million for FY2020, or 5% of NJ’s state government’s education spending, so not a trivial amount.
Social Security.

Average Salary Student:Teacher Ratio
Connecticut $76,465 12.7
National Average $64,545 15.7