|
SCRS - Basic Plan Information
You contribute a tax-deferred 6.5 percent
of gross pay into your SCRS
retirement account. If you have not retired, your account earns 4 percent
interest compounded annually on your balance as of the previous June 30th.
If you are a Teacher and
Employee Retention Incentive (TERI) program participant, your deferred
retirement annuity does not earn interest during your TERI period. |
