Cairo Association of Teachers - Newsletter
CAT Tracks for August 27, 1998
2.2 Upgrade Correction
At some point in time, I was given some incorrect information
which I passed on to you.
So...PLEASE READ THE FOLLOWING
If you want to be able to retire after 34 years of teaching at the full
if you want to receive a higher percentage
pension (2.2% times your number of years of experience) if you
retire with less than 34 years,
YOU MUST PAY TO UPGRADE!
In earlier publications and correspondence, you were told that if
you were going to teach for 20 more years, you did NOT have to do
anything. That is
The cost of the 2.2 upgrade is 1% of your highest salary for the
past 4 years times the number of years that you actually need to
upgrade--up to a maximum of 20 years. If you act by September
15th, you can lock in the 1996-97 salary (assuming that it is your
highest for the four consecutive years up to that point). If you wait
until after September 15th, then you must consider the 1997-98
salary which is probably higher.
BOTTOM LINE: CALL TRS TODAY!!!
The number is 1-800-877-7896. The lines are very busy, but keep
trying. TRS can tell you over the phone exactly what it will cost
you to upgrade.
Ask them to send you the upgrade application
That will speed up the process so that you can meet the September