Updated Retirement Planning Calculators
CalSTRS online calculators, Retirement Benefits and Permissive Service Credit, have been updated to reflect the new CalSTRS 2% at 60 and CalSTRS 2% at 62 benefit structures created by the California Public Employees’ Pension Reform Act of 2013.
How Does This Affect Me?
For members first hired on or before December 31, 2012, you are covered under the CalSTRS 2% at 60 benefit structure. This update does not affect your existing calculations.
For members first hired on or after January 1, 2013, you are covered under the CalSTRS 2% at 62 benefit structure. The calculators now include new age factors used in calculating your retirement benefit and other changes described in the California Public Employees’ Pension Reform Act of 2013.
Learn more about the two benefits structures.
The online calculators only provide estimates of your future retirement benefits and permissive service credit purchase costs. These estimates are non-binding between you and CalSTRS. All benefits are determined by Teachers’ Retirement Law.
To obtain actual purchase costs, establish a receivable account or obtain official billing information, contact CalSTRS.