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Benefit Enhancements

You may qualify for one or more benefit enhancements that will increase your monthly retirement benefit. 

To be eligible for service retirement, you must meet the minimum age and service credit requirements without including unused sick leave credit, nonqualified service credit or Retirement Incentive Program credit.

Career Factor

If you are a member under CalSTRS 2% at 60 and retire with 30 or more years of earned service credit, a career factor of 0.2 percent will be added to your age factor, up to the maximum combined age and career factor of 2.4 percent.

If you are a member under CalSTRS 2% at 62, you are not eligible for the career factor enhancement.

One-Year Final Compensation

If you are a member under CalSTRS 2% at 60, and have at least 25 years of service credit, the calculation for your final compensation is based on your highest average earnable compensation for 12 consecutive months.

If you are a member under CalSTRS 2% at 62, you are not eligible for the one-year final compensation enhancement. Your final compensation is based on your highest 36 consecutive months of creditable compensation.

Longevity Bonus

The longevity bonus is a set dollar amount that is permanently added to your monthly retirement benefit if you earned at least 30 years of service credit on or before December 31, 2010. There is no required retirement date.

The amount of the longevity bonus for a Member-Only Benefit depends on your years of service credit at retirement, even if that service was performed after 2010:

If you earned: You will receive monthly:
30 years $200
31 years $300
32 or more years $400

The longevity bonus is:

  • Included in the 2 percent annual benefit adjustment but not in the quarterly supplemental purchasing power protection benefit.
  • Partially reduced if you elect an option.
  • Partially reduced if you cancel a preretirement election of an option.

Up to 0.2 of a year of unused sick leave can be used to increase your longevity bonus. 

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