The Public Employees Retirement System (PERS) and the State Teachers Retirement System (STRS) are programs set up to invest funds and provide retirement income for teachers in a public school setting and state and local workers. Both plans offer employees several different options in terms of investing their money depending on several factors including how long you have until retirement and the type of risk-taker you are. Both the PERS and the STRS offer a defined benefit plan, a health care plan and a defined contribution plan. Both plans are also highly diversified, managed by investment professionals and overseen by a Board of Directors.
However, it is sometimes difficult to determine which type of plan is best for you and your unique circumstances. Retirement age comes quickly and it is vital that you make the proper preparations early to ensure the funds are there when you need them. The investment professionals at Savage & Associates are knowledgeable about the STRS and PERS programs.
Call 419-475-8665 or fill out our on-line request form for more information or to schedule an exploratory appointment with our experienced professionals at Savage & Associates.