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Cal STRS Recipient Designation Form  Information  4cd

Cal STRS Recipient Designation Form Information 4cd

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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. Full-time teachers and   administrators generally earn one year of service  credit for each school year. Part-time teachers   earn service credit based on the percentage of  each full-time contract they work. For example,   if you work 50% of your full-time contract  you'll likely earn a half year of service   credit. The age factor is based on your age at  retirement. The maximum age f

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