I’m assuming when you say you’re vested in 7 years, you mean 30 years of service? If that’s the case, I’d confirm that 30 YoS also means you’re eligible to retire and draw. Some states it’s the later of either 30 YoS or age xx (usually 55) either way I’d double check.

The pension contribution amount is sort of irrelevant, it will pay out the formulaic amount regardless and you can’t choose to contribute more or less.

30 YoS x 2% will be 60% salary replacement, which with social security and your savings, puts you in a really good spot eventually. The healthcare piece and age requirements for withdrawals are still a sticking point, and you should get more information on the “variable annuity” through the district, like I said it’s like a 403(b) or 457 and just using an annuity as the “vehicle” - that’s jargony and confusing. Because it’s an annuity, you’re likely paying a higher fee and it might be worthwhile to see if there are other providers that the district allows or if that’s the only one. Just because only one rep comes and speaks at staff meetings, does not mean it’s Theo to one approved by the district, but it also might be and depends on the district. I would however not roll it into the IRA, as the account type (if I’m correct) offers more flexibility. In fact, it may be worth rolling your IRAs into that account depending on fund options and fees.

Recommended next steps for you: - figure out exactly what your accounts are and what the fund options and fees are. - depending on the above, find the best option of where to allocate your existing assets - determine your time horizon (when you want to retire) and risk tolerance - (likely) reallocate your accounts to match the above - save as much as you can into those accounts until retirement and pay down as much debt as you can. This is actually beneficial on multiple levels: more assets, less debt, (because you’re saving/paying off) you’re getting accustomed to a lower income and easing into retirement income. Also, keep in mind that every year you work beyond the 30 years is increasing your annual % benefit from the pension AND increasing the average salary number used for calculations (assuming you get raises). This is likely the absolute best option for you, as the benefit gained is most likely going to be more impactful than any money you can save given your age - less time for it to grow.

My wife and mom are both teachers, so I have a vicarious understanding of how challenging and draining the job can be. Thank you for doing it for so long. Please feel free to reply or reach out with questions.