Pension Sense blog | September 9, 2024 | Barbara Zumwalt

Where does the time go? It seems like just yesterday the school year started, and already student evaluations are around the corner.

Just as those reports reflect student progress, your annual Retirement Progress Report can help you evaluate how you are working toward your retirement income goals.

This report, prepared specially for you (each person's report is customized), is posted online at myCalSTRS. It provides an overview of your CalSTRS account and benefits as well as detailed information and resources to plan your financial future.

The report also shows the status of your retirement accounts as of June 30, 2024, and is available to every Defined Benefit Program member and Cash Balance Benefit Program participant.

Your report also contains:

• A summary of Defined Benefit and Defined Benefit Supplement program transactions during the prior year
• Accumulated service credit
• Contribution and interest balances
• Death benefit recipient and beneficiary information
• Projections of your retirement benefit if you are at least 45 years old

Here's how you can find your personalized report:

• Go to myCalSTRS.com
• Log in (If you have not set up an account, from this page you can select Set Up Your Account to create one)
• Go to the drop-down menu under Account
• Select View Your Retirement Progress Reports or Retirement Progress Reports
• Select the current year

Other resources available to you:

• CalSTRS' Understanding Your Retirement Progress Report page, which contains a helpful video
• Frequently asked questions
• CalSTRS Member Handbook

As an extension of our ongoing organizational sustainability efforts, we post your Retirement Progress Reports digitally, and securely, online. This conserves environmental resources and reduces administrative costs. If you requested by July 1, 2024, to receive your report by mail, it will be mailed to you in October. You can change your delivery preferences for future reports online on myCalSTRS.

Your retirement, just like those end-of-school-year grades, will come sooner than you realize. Take advantage of your Retirement Progress Report to make sure you have an A+ plan in place for your future.

For information on how to reach CalSTRS, visit the contact us webpage.