On September 12, 2012, Assembly Bill 340 (AB 340), the California
Public Employees’ Pension Reform Act of 2013 (PEPRA) was signed
Given the unique benefits offered as part of the CalSTRS
comprehensive hybrid retirement system, the provisions of AB 340
will impact current and future members differently. Changes to
the CalSTRS benefit program under AB 340 primarily affect those
who are first hired on or after January 1, 2013.
This study was prepared for CalSTRS by the Applied Research
Center at the California State University, Sacramento. The study
examines the economic impacts of CalSTRS on the economies of the
state of California and its 58 counties.
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
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?