STRS Proposed Career Factor and Increased Age Factor

 

A career factor of 0.2 percent will be added to the age factor of a STRS member retiring with 30 years of service credit up to the maximum age factor of 2.4 percent. The career and age factors by year are listed below:

Age	Current Factor	Increased Age Factor	With Career Factor
50	1.10		1.30
51	1.16		1.36
52	1.22		1.42
53	1.28		1.48
54	1.34		1.54
55	1.40		1.60
56	1.52		1.72
57	1.64		1.84
58	1.76		1.96
59	1.88		2.08
60	2.00		2.20
61	2	2.133	2.333
62	2	2.267	2.40
63	2	2.40	2.40

9/1/98  legrpt/strsage.htm