Empowering California's Public Employees: A Guide to CALSTRS

Understanding Your Retirement Benefits

As a public employee in California, you are part of the California State Teachers' Retirement System (CALSTRS), which provides a secure retirement plan for its members. It's essential to understand your benefits and how they work to ensure a comfortable post-work life.

CALSTRS is a defined benefit pension system, meaning that your retirement income is based on a formula that takes into account your final average salary and years of service. This means that you can rely on a predictable income stream in retirement.

Maximizing Your Retirement Savings

To ensure a secure financial future, it's crucial to contribute as much as possible to your CALSTRS account. You can contribute up to 100% of your salary, and any employer contributions will be matched dollar-for-dollar.

Additionally, you may also want to consider contributing to other retirement accounts such as a 403(b) or an IRA. It's essential to consult with a financial advisor to determine the best strategy for your individual situation.

Planning for Your Future

As you approach retirement, it's crucial to start planning for this significant life change. CALSTRS offers a range of resources and tools to help you make informed decisions about your retirement.

From estimating your retirement income to exploring post-work options, CALSTRS is committed to empowering its members with the knowledge they need to thrive in their golden years.