Retired Educator Considerations

Retired Educator Considerations

Overview

As a CalSTRS member, you participate in a hybrid retirement system consisting of traditional defined benefit (Defined Benefit Program), cash balance (Defined Benefit Supplement Program) and voluntary defined contribution (CalSTRS Pension2®) plans.

Your service retirement benefit under the Defined Benefit Program is based on your years of service credit, your age at retirement and your final compensation. The more service credit you have, the higher your monthly retirement benefit will be.

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Name Your One-Time Death Benefit Recipient

Name Your One-Time Death Benefit Recipient

If you haven’t designated your one-time death benefit recipient yet, take a few minutes now to do so. This benefit may be payable in the event of your death. The amount of the benefit depends on whether you have disability and survivor benefits under Coverage A or B and if you should die before or after retirement.

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Medicare Premium Payment Program

Medicare Premium Payment Program

The CalSTRS Medicare Premium Payment Program, which pays Medicare Part A hospital insurance premiums for certain eligible retired members, is not being offered to members with a most recent retirement effective date on or after July 1, 2012. Your most recent retirement date is used to determine eligibility.