FACCC — STRS Benefits Comparisons

Estimated STRS Benefits Comparisons

Print this page. Fill in the boxes in the left column using the charts (in the far right column) and unused sick leave formula (bottom of page). Then use the formulas in the middle column to compute new and old benefits.

Service Credit:
(ActualYears Taught)

Years Unused Sick Leave:*

Annual Salary
(average of highest 36
consecutive months)

Career Bonus:**

Age Factor:

To compute new benefit:

Average Annual Salary
X
Total Years Service Credit*
(including unused sick leave)
X
Age Factor + Career Bonus**
(maximum of 2.4%)

2.4% = .024 multiplier

Divide by 12 to get
monthly benefit

To compute old benefit:
Average Annual Salary
X
Years Service Credit
X
Age Factor (maximum of 2.0%)
2.0% = .02 multiplier

Divide by 12 to get
monthly benefit

Age Factor Chart:
(in percent)

Age    Factor

50      1.1
51      1.16
52      1.22

53      1.28
54      1.34
55      1.4

56      1.52
57      1.64
58      1.76

59      1.88
60      2.0

61      2.133
62      2.267
63 and over     2.4

Career Bonus Chart:
(in percent)

29 yrs and under    0.0
30 yrs and over      0.2

*Unused Sick Leave Formula

Service credit granted for unused sick leave is determined by dividing the number of accumulated unused sick days (as certified by your last employer) by the number of base service days required to complete the last school year, if employed full time.

days of unused sick leave ÷ days for full school year = service credit
                        90                                     175                              0.5142

** Career Bonus
The 30 years of service credit to qualify for the career bonus does not include service credit for unused sick leave or a "Golden Handshake" program.

See examples from STRS

10/6/98 strscal2        Faculty Association of California Community Colleges, Inc.      http://www.faccc.org