Longevity Bonus—Special Situations
The amount of your longevity bonus can be affected by:
- Participating in the Reduced Workload Program
- Retiring in the middle of the school year
Remember, December 31, 2010 was the sunset date to qualify for eligibility.
Situations Not Eligible For Longevity Bonus
You may currently receive a benefit that does not qualify for the bonus, even if you have the minimum 30 years of service credit. These include:
- Disability allowance or disability retirement benefit.
- Coverage A and B disability benefits are based on 50 percent of final compensation, not service credit.
- Review an introduction to disability benefits.
- Family allowance or survivor benefit.
- Details of the benefit are in the Member Handbook.
Situations Where a Benefits Planning Session Is Recommended
Benefit planning is recommended if you:
- Receive differential pay.
- Perform assignments that accelerate total service credit.
- Plan to retire mid-year. Mid-year retirement can impact your final compensation.
Remember two things:
- Only one year of service credit is allowed per school year.
- Anything over one year of service credit is credited to the Defined Benefit Supplement Program.
Contact us or meet with a benefits specialist to discuss how these affect the longevity bonus.
Very Specific Situations That May or May Not Affect Eligibility
If you lost some of your service credit in a divorce, your bonus eligibility is not affected.
If you had 30 years of service credit and the court awarded your spouse five of those years as part of the divorce settlement, your bonus eligibility is based on your original 30 years, not the 25 you are left with after the divorce.
Reduced Workload Program
If you participate in the Reduced Workload Program:
- Complete your contract for the school year to earn full service credit.
- Contact CalSTRS to find out how your eligibility for the longevity bonus may be affected.