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 Calstrs Recipient Designation Form 2014

2014-2024 Form

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Instructions and help about Casts Recipient Designation Form

Hi I'm Sheila a member of the Casts team if you became a Casts member before January 1st 2013 you're under the Casts 2% at 60 benefit structure which determines how your retirement benefit is calculated and what benefit enhancements may be available to you at retirement Casts administers a hybrid retirement plan for your financial security this comprehensive package includes a traditional defined benefit program a cash balance defined benefit supplement program and a voluntary defined contribution program we call pension — as a vested member of the Casts defined benefit program you're entitled to a guaranteed lifetime a monthly benefit when you retire this benefit is based on a formula not on how much you've contributed let's look at how your benefit is calculated the calculation is made up of three factors your service credit your age factor and your final compensation now let's take a closer look at each of the three factors service credit is the number of full and partial school y

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