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.
CalSTRS is administered by a 12-member Teachers’ Retirement
Board. The board sets the policies and makes rules for the system
and is responsible for ensuring benefits are paid by the system
in accordance with law.
The CalSTRS Executive staff are committed to administering the
direction set by the Teachers’ Retirement Board and are
responsible for day-to-day operations of the system.
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?
