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Understanding the formula: CalSTRS 2% at 60

If you became a CalSTRS member before January 1, 2013, you're under the CalSTRS 2% at 60 benefit structure.

Your benefit structure determines how your CalSTRS lifetime monthly retirement benefit is calculated and the benefit enhancements that may be available to you when you retire.

Your monthly benefit is based on a formula that includes three factors; your years of service credit, your age when you retire and your final compensation. Service credit is the number of full and partial school years you've worked and contributed to CalSTRS.

Learn more about your benefit structure in the CalSTRS Member Handbook.

To see how working longer or how increasing your age factor or final compensation can increase your retirement benefit, use the Retirement Benefits Calculator.