A Better Way for Teachers: The 403(b) Option

Problem

Existing retirement programs for teachers often charge employees high fees and thus reduce amounts employees are actually saving for retirement.

Solution

State Treasurer Cowell set up a publicly sponsored statewide retirement plan option that will become available to school districts this fall and can offer lower fees as more teachers participate in the program. This new retirement plan provides a better opportunity for teachers in the state to save for a more secure retirement.