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Retirement Benefits

Your CalSTRS retirement benefit is a defined benefit pension. With five years of service ... For instance, you can increase your service credit by working longer or purchasing additional service credit. In addition, by ... additional requirement for retirement is either: After the most recent refund, at least one year of credited service must have ...

General Information - - 0 comments

CalSTRS Deputy CIO Announces Retirement After 27 Years
Michelle Cunningham

... (Aug. 3, 2017) – The California State Teachers’ Retirement System’s Deputy Chief Investment Officer Michelle Cunningham ... “In my many years of having the privilege of working with Ms. Cunningham, I have developed enormous respect and admiration ...

News release - Michelle Mussuto - - 0 comments

Understanding Your Retirement Benefit Formula

... Benefit Program is the cornerstone of your educator retirement savings and also provides survivor and disability benefits. CalSTRS ... 2% at 60 benefit structure. If you were hired on or after that date, you’re covered under the CalSTRS 2% at 62 benefit structure. ...

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EIC98-1 Volume 14 Issue 1

... SB 227 applies to changes in employment effective on or after January 1, 1998. This circular applies to all California Community ... Districts that employ members of the State Teachers’ Retirement System (STRS) who are subsequently employed by the Board of ...

Information Circular - - 0 comments

Financing the Purchase of Service Credit or a Redeposit

... can begin making payroll deduction installment payments. After you complete your rollover(s), you will receive a billing statement ... interest rate is set each fiscal year by the Teachers’ Retirement Board. Purchasing Service Credit Can my employer ...

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Kristina Shea, Rio Linda High School
Education specialist Kristina Shea stands in front of water and rocky terrain.

... to me,” Shea said. What would you like to do after retirement? Retirement is still decades away, but Shea says she would ...

Teacher Talk - - 0 comments

If I retire before January 1, 2013 will I have to wait six months to work at any job, including substitute teaching?

... you take a job; for example, if you are under the normal retirement age of 60 years, there currently is a six month separation from ... public schools. Learn more about working after retirement (Ask Jack, Ask Jack) ...

Ask Jack - - 0 comments

Glossary

... Program participants that is granted by the Teachers’ Retirement Board when investment earnings exceed what is necessary to meet the ... increases to a maximum 2.4 percent at age 63 if you retire after age 60. For example, if you retire at age 60 and have 20 years of ...

Overview - - 0 comments

Healthy Short-Term Returns Are Not Enough to Cure Chronic Underfunding

... rates have decreased since 1997. Because the Teachers’ Retirement Board does not have the authority to adjust contributions, CalSTRS ... adjustment to their benefit, but I am not one of them. After working for 34 years in education, contributing to my own retirement, and ...

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Know Your Benefits
Know Your Benefits

... CalSTRS 2% at 62 For members hired on or after January 1, 2013, learn how your retirement benefit is calculated. Understanding the Formula – ...

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