The NY Times article says that teachers generally receive the worst retirement plans, which is not the case in Pennsylvania with PSERS. But, Pennsylvania teachers are still faced with excessive fees in 403(b) products that they buy through “endorsed” providers. Teachers need to realized that 403(b) providers on a school district’s endorsed providers list does NOT mean that any due diligence was done on any of the products offered. The high fees result in significantly lower 403(b) account values. Read the full article here.
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