The Defined Benefit Supplement is a hybrid cash balance plan for Defined Benefit members that provides additional savings for retirement.
Funds come from compensation earned from service in one school year in excess of one year of service credit and limited-term salary increases. From January 1, 2001, through December 31, 2010, funds came from 25 percent of your monthly CalSTRS contribution.
If you made contributions to CalSTRS between January 1, 2001 and
December 31, 2010, you have a Defined Benefit Supplement
account which provides additional income for retirement.
Your Defined Benefit Supplement funds are yours when you begin
receiving a monthly benefit or six months after you terminate
CalSTRS-covered employment and receive a refund of your Defined
Benefit contributions.
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. As a result,
CalSTRS now has two benefit structures:
