Article: For California Teachers On Move, Retirement Benefits Prove Troublesome.

By Melanie Payne, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News

Feb. 26--For Suzanne Ericson, coming to California was a $130,000 miscalculation.

Ericson worked for 17 years as a teacher in Massachusetts. She believed that the retirement payments she made in Massachusetts could be rolled over to the California State Teachers' Retirement System (CalSTRS).

"I assumed that I would be able to transfer (my retirement) in the way credentials are transferred," said Ericson, principal at Olive School in Novato. "I was very surprised and a little naive, I guess."

As Erickson quickly learned, teachers' pension plans aren't ...

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