CalSTRS Benefit Formula Factors
Which of the following is not a factor in your CalSTRS retirement benefit formula?
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The correct answer is “Contribution amount.”
Your CalSTRS retirement benefit is a defined benefit pension. With at least five years of service credit, you’re eligible for a guaranteed lifetime monthly retirement benefit based on the following formula:
Service Credit x Age Factor x Final Compensation = Retirement Benefit
Learn more about the formula and ways to increase your benefit by watching our short four-minute video, Understanding the Formula.