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 Teachers’ Retirement Board is charged with maintaining a
strong, stable fund in order to pay benefits to CalSTRS members
and their survivors. To fulfill that responsibility, the board
understands the CalSTRS portfolio as the foundation of our
members’ retirement security and that good corporate governance
is essential to the safety of the portfolio.
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?
