Retirement Improvements

FACCC-sponsored AB 2804 (Honda),
and AB 1102 (Knox), AB 1150 (Prenter), SB 1528 (Schiff)

1998 Teachers Recruitment & Retention Benefits Package

 

• Summary of benefits contained in AB 2804 and related bills

• Simple worksheet for computing old and new STRS benefits

• More examples from STRS

• Find out your career factor and increased age factor

• History of STRS funding

• Brief history of AB 2804

STRS is taking calls from those who are planning to retire soon. From a letter STRS is sending to all members: "If you wish assistance in estimating your allowance increase, call the Public Service Office at (800) 228-5453. Tell the public service technician you are requesting assistance in determining your allowance based on the new benefit factors. The technician will take your name, Social Security number and telephone number. Within two working days, a trained service retirement staff person will return your call and provide you with an estimate of your allowance increase if you were to retire on Jan. 1, 1999."

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STRS has published a brochure that summarizes the improved benefits: "Publications Supplement: Summary of STRS Benefits Enhancements Effective Jan. 1, 1999." For additional info, call the STRS Teletalk system at (800) 228-5453 (916-229-3541 for hearing impaired persons) 24 hours a day, seven days a week. Or http://www.strs.ca.gov.

When using Teletalk for recorded messages, you may choose from among these messages:
376     New age factor and career bonus
156    Out-of-state service credit purchase
157    Nonqualified service credit purchase