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 |