Retirement Benefit

To estimate your retirement benefit, you will need your current service credit (found on your current Annual Statement of Account) and your current salary.

• Retirement Benefit Calculator
  Estimate your retirement benefits under the Defined Benefit Program.
• The Defined Benefit Supplement Program allows members to receive a lump sum or a monthly annuity at retirement if the account balance is at least $3,500. The DBS Annuity Estimate table allows you to learn more about the annuities available and provides an estimate for each annuity type based on various account balances and age at retirement.

Redeposits

You can redeposit if you return to CalSTRS membership or are a member of certain other California public retirement systems or if your former spouse or registered domestic partner withdrew contributions as part of a community property settlement. You can choose to purchase a portion, rather than all, of the service credit represented by the refund.

• Redeposit Calculator
  Estimate the cost to restore all or a portion of the service credit represented by the refund or your withdrawn CalSTRS retirement funds or by your former spouse or registered domestic partner.

Permissive Service Credit

You can purchase additional service credit for performing certain other, non-CalSTRS activities. You may choose to purchase a portion, rather than all, of any permissive service credit you have eligibility to purchase. See the Purchase Additional Service Credit brochure for more information.

• Permissive Service Credit Calculator
  Estimate costs to purchase additional service credit.

Nonqualified Service Credit

CalSTRS Defined Benefit Program members who have at least five years of credited service in CalSTRS, may purchase up to five years of nonqualified service credit. Nonqualified service credit, also known as “air time,” is service credit that is not connected to any specific prior employment. This service does not count towards qualifying for career-based enhancements such as the career factor, the longevity bonus and highest single year final compensation.

• CalSTRS Nonqualified Service Credit Purchase Calculator
  Estimate the purchase price for the number of years of credit you wish to buy or the number of years of credit you can purchase with the amount of funds you have available.

Finance Calculators

You can finance the purchase of permissive service credit or redeposit of your previously withdrawn funds.

Two Step Process

1. Decide what you’d like to purchase and:
   • Use the permissive service credit calculator to estimate the service credit cost, or
   • Use the redeposit calculator to estimate the cost to redeposit your previously withdrawn funds.
2. Use the finance calculator to estimate the number of installments or installment amount for the service credit.