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.
CalSTRS primary focus is the pensions of California educators, but the availability of affordable health care can have a tremendous impact on the ability of members to maintain their standard of living in retirement.
CalSTRS plays no role in providing health benefits to active members. Instead, provision of health insurance is a collective bargaining issue addressed at the local district level. However, CalSTRS has studied health care benefits provided to its members, conducting surveys of districts and teachers.
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?
