RSA wants changes to education plan for teacher benefits - WSFA.com Montgomery Alabama news.

RSA wants changes to education plan for teacher benefits

MONTGOMERY, Ala. (AP) - The Retirement Systems of Alabama is suggesting changes to the department of education's proposal to tweak retirement benefits for teachers.

RSA administrator Marc Reynolds spoke at the State Board of Education's K-12 work session Thursday.

A department proposal to save money long-term calls for requiring new teachers to have 30 years of experience to retire, up from 25 years.

Employees can also retire at age 60 with a minimum of 10 years experience.

Reynolds suggested making that the lone eligibility requirement both for retirement and the Deferred Retirement Option Plan, or DROP.

He said that way everyone retiring will be close to age 65, the age when the federal government pays most of health insurance costs instead of the state.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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