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 first step to take in planning for retirement is to learn more about your CalSTRS benefits by gathering information that will help you create a solid plan for a successful retirement. CalSTRS offers many ways to learn about your benefits and tools, resources and services to assist you throughout the planning process.
As a California public school educator, you do not pay into
Social Security, so you will not receive Social Security benefits
for your CalSTRS-covered position.
If you expect to receive a Social Security check through your
spouse or other employment, two federal rules—the Windfall
Elimination Provision and the Government Pension Offset—could
leave you with a smaller Social Security check or no check at
all.
Your CalSTRS retirement benefit will not be reduced by these
rules.
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?
