CalSTRS has conducted an assessment of AB 340, the California
Public Employees’ Pension Reform Act of 2013, and its impact on
CalSTRS members and operations and outlined key changes.
The Client Advisory Committee includes CalSTRS staff and members
from various organizations representing CalSTRS members and
benefit recipients. This committee meets regularly, coinciding
with CalSTRS board meeting dates.
Your retirement benefit is based on a formula (Service Credit x
Age Factor x Final Compensation = Member-Only Benefit). How
confident are you in your understanding of how this formula
determines your Member-Only Benefit amount?
