Eligible members and participants may receive one or both additional annuity credits authorized by the board for fiscal years 2005-06 and 2006-07. You may also be eligible to receive an Additional Earnings Credit.

Percentage Increase Fiscal Year 2005-06

DBS members and CB participants who retired on or before June 30, 2006, will receive:

• 2.49% credit of their annuitized benefit of their DBS account
• 1.18% credit of the present value of their annuitized CB benefit as of June 30, 2006

Percentage Increase Fiscal Year 2006-07

DBS members and CB participants who retired on or before June 30, 2007, will receive:

• 4.41% credit of their annuitized benefit of their DBS account
• 4.69% credit of the present value of their annuitized CB benefit as of June 30, 2007

Ways Credit is Distributed

Retired members will:

• Receive a check in June or August 2009
• Receive a form to rollover the credit
  • Rollovers will be processed in August 2009
• May have their DBS or CB annuity recalculated
  • An adjustment letter will explain why your DBS or CB annuity was recalculated

If you have questions about the Additional Annuity Credit, contact CalSTRS.