欧博百家乐Understand your benefits
Understand your benefits
CalSTRS provides retirement, disability and survivor benefits for full-time and part-time California public school educators through a hybrid retirement system consisting of its Defined Benefit, Defined Benefit Supplement and Cash Balance Benefit programs, and a voluntary defined contribution plan called CalSTRS Pension2.
Defined Benefit Program benefit structureCalSTRS Defined Benefit Program is a traditional defined benefit plan that provides retirement, survivor and disability benefits. Your Defined Benefit retirement benefit is based on a formula set by law using your age, service credit and final compensation.
If you were first hired…You are covered under the following benefit structure:Your eligibility for retirement is:
On or before December 31, 2012CalSTRS 2% at 60 Age 50 with at least 30 years of service credit or age 55 with five years of service credit—or under special circumstances*
On or after January 1, 2013CalSTRS 2% at 62 Age 55 with at least five years of service—or under special circumstances*
*Special circumstances of concurrent retirement with certain other California public retirement systems.
CalSTRS hybrid retirement system
CalSTRS administers a hybrid system as part of a comprehensive financial security package for members that includes:
Defined Benefit Program – a traditional defined benefit plan
Pension based on a formula using age, service and compensation.
Member participation is mandatory.
Defined Benefit Supplement Program – a cash balance plan
Pension2 – a defined contribution plan
Voluntary retirement savings through 403(b) and 457(b) plans.
Participation is optional.
Defined Benefit Program
CalSTRS Defined Benefit Program is a traditional defined benefit plan that provides retirement, survivor and disability benefits.
Read more »Defined Benefit Supplement ProgramThe Defined Benefit Supplement is a hybrid cash balance plan for Defined Benefit members that provides additional savings for retirement.
Read more »Cash Balance Benefit ProgramThe Cash Balance Benefit Program, an Internal Revenue Code 401(a) defined benefit plan, is an optional program designed specifically for part-time educators and adjunct faculty.
Read more »Pension2Pension2 offers the opportunity to invest through tax-advantaged payroll deductions.
Read more »CalPERS Long-Term Care ProgramAs a CalSTRS member, you and certain family members may be eligible for the CalPERS Long-Term Care Program.
Read more »Videos and webinarsCheck out our series of videos designed to help you better understand your CalSTRS benefits.