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Counselors for Senior Teachers

Counselors for Senior Teachers. Helping Teachers To Retire. Bill Sudol Teachers’ Retirement Board Executive Director - Retired. John Kowalsky Independent Broker Husband of Retiring Teacher. CST. CABE and CAPSS are announcing a partnership with Counselors

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Counselors for Senior Teachers

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  1. Counselors for Senior Teachers Helping Teachers To Retire Bill SudolTeachers’ Retirement BoardExecutive Director - Retired John Kowalsky Independent Broker Husband of Retiring Teacher

  2. CST CABE and CAPSS are announcing a partnership with Counselors for Senior Teachers (CST) to help our teachers to retire. CST has skills and experience to offer our members a Tax-Advantaged Program which would benefit both the school district and teachers Wanting to retire. CABE and CAPSS are continually working with boards of education and Superintendents to be sure of providing timely assistance to make effective decisions.

  3. CST I WANT TO RETIRE INCOME EXPENSES SOLUTIONS Tax-Advantage Programs INFORMATION CST realizes that the greatest obstacle facing many teachers who are Considering retirement is – “sticker shock” – the cost of post – retirement “health insurance.” Helping teachers to fully understand the retirement benefits they are Eligible to receive from the Connecticut Teacher’s Retirement System (group seminars, individual consults).

  4. CST Helping Teachers to Retire SAMPLE: TEACHER AGE 62 Present TeachersSalary (Age 62) $80,000.00 New Teacher$40,000.00Salary Salary Difference $40,000.00 Incentive Cost $10,000.00Salary Savings$30,000.00

  5. CST Prepared Especially for: Ima Teacher Prepared on: 9/27/2012 Ret. Date 7/1/2013 Salaries FTE 100.0000% Date of Birth 6/25/1953 2012-13 $72,456.00 Age 60 2011-12 $71,752.00 Years of Service 32 2010-11 $69,779.00 Type Retirement Normal Total $213,987.00 Base Percentage 64.0000% Aver. Salary $71,329.00 Annuity Factor 60.00 0.00812 Plan N, Normal Allowance Aver. Salary Times Base Percentage = Ann. Ben/12 = Monthly Plan N $71,329.00 64.0000% $45,650.56 $3,804.21 1% Supp. Balance 6/30/2011 $23,456.78 $190.47 Voluntary Balance 6/30/2011 $23,123.45 $187.76 Total $4,182.44 Plan C, Period Certain 5 Years10 Year15 Years20 Years25 Years Factor 99.60% 98.80% 96.90% 94.50% 91.60% Plan C Base $3,789.00 $3,758.56 $3,686.28 $3,594.98 $3,484.66 1% Supp. $189.71 $188.18 $184.56 $179.99 $174.47 Voluntary $187.01 $185.51 $181.94 $177.44 $171.99 Total $4,165.72 $4,132.26 $4,052.79 $3,952.41 $3,831.12 Plan D, Co-participant Option ages 60 61 100%75%66.67%50%33.33% Factor 89.10% 91.70% 92.50% 94.40% 96.30% Plan D Base $3,389.55 $3,488.46 $3,518.90 $3,591.18 $3,663.46 1% Supp. $169.71 $174.66 $176.18 $179.80 $183.42 Voluntary $167.30 $172.18 $173.68 $177.25 $180.82 Total $3,726.56 $3,835.30 $3,868.76 $3,948.23 $4,027.69 This estimate is based on salary information provided by the client and/or data as indicated on the client’s Annual Member Statement.

  6. CST CST will meet with the school districts for detailed discussions. We wish you God Speed with your critical implementation of Next Ed Thank You Bill SudolJohn Kowalsky

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