CalSTRS Defined Benefit Program is a traditional defined benefit plan that provides retirement, survivor and disability benefits. Your Defined Benefit retirement benefit is based on a formula set by law using your age, service credit and final compensation.
If you were first hired…
You are covered under the following benefit structure:
Your eligibility for retirement is:
On or before December 31, 2012
CalSTRS 2% at 60
Age 50 with at least 30 years of service credit
Age 55 with five years of service credit—or under
On or after January 1, 2013
CalSTRS 2% at 62
Age 55 with at least five years of service—or under special circumstances*
*Special circumstances of concurrent retirement with certain other California public retirement systems.
The California Public Employees’ Pension Reform Act of 2013
(Chapter 296, Statutes of 2012) made significant changes to the
benefit structure that primarily affect members first hired to
perform CalSTRS creditable activities on or after January 1,
2013. Three provisions also affect current members.
If you return to work after service retirement in a position with
the California public school system as an employee, an employee
of a third party, or an independent contractor, there are
Form 1099-R is the Internal Revenue Service form reporting a taxpayer’s distributions from pensions, annuities, IRAs, insurance contracts, profit-sharing plans and/or retirement plans (including section 457 state and local government plans).
Scheduled dates for benefits paid in 2013-14, which include direct deposits received in January 2015, are listed in the table below. Mailing dates are determined by the State Controller’s Office, the check issuer.
Electronic privacy is crucial for the ongoing success of the
Internet as a convenient means to provide customer service. Your
personal information will be used only to conduct CalSTRS-related
WEST SACRAMENTO, CA – The California State Teachers’ Retirement
System (CalSTRS) today announced that, effective January 1, 2014,
CalSTRS Retirement Progress
Reports (RPR) will be available exclusively online, unless a
paper version is requested. The change is enacted under
Assembly Bill 989.