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Why VOTE/COPE is a wise investment...

Last year, the ongoing lobbying efforts of VOTE/COPE resulted in a windfall for New York State teachers in the form of new legislation related to retirement. Think about what that means to you individually. If you're a tier 3 or tier 4 teacher, mandatory contributions to your retirement plan will cease after 10 years. If your career continues for another 20 years, that's 400 fewer payments you'll be required to make. Simply take the amount you're presently contributing and multiply it by 400. Then assume that you make an annual $20 payment to VOTE/COPE throughout your thirty-year teaching career. Now compare that $600 investment to the additional income you'll receive and it should be quite obvious that investing in VOTECOPE pays excellent dividends.

Likewise, if you're a tier 1 or tier 2 teacher, you'll receive up to 4% more of your final average salary for every year of your retirement. Of course, none of us has a crystal ball, so there's no way to be sure exactly how much more income you'll ultimately realize, but let's assume you'll be collecting a pension for at least twenty more years That translates to many more thousands of dollars for you and your family, and, once again, makes it clear that contributing to VOTE/COPE was a wise investment for you.