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The Defined Benefit Supplement is a hybrid cash balance plan for Defined Benefit members that provides additional savings for retirement. Funds come from compensation earned from service in one school year in excess of one year of service credit and limited-term salary increases.
- Funding your Defined Benefit Supplement account - CalSTRS
Your Defined Benefit Supplement account earns interest at a...
- Funding your Defined Benefit Supplement account - CalSTRS
Your Defined Benefit Supplement account earns interest at a rate set at the beginning of each plan year, July 1 through June 30, by the Teachers’ Retirement Board, based on the average 30-year Treasury rate. The rate for 2024–25 is 4.61%.
The normal cost is assessed each year based on the actuarial valuation, the snapshot of CalSTRS’ financial status presented to the Teachers’ Retirement Board each spring. Your contribution rate is 10.205% of your creditable earnings.
Upon your death, 75% of your monthly annuity amount will be paid to your annuity beneficiary. If your annuity beneficiary dies first, your monthly annuity benefit will rise to the Member-Only Annuity amount. This choice provides a lifetime monthly annuity payment for your lifetime and the lifetime of your annuity beneficiary.
Learn more about the annuities available to you with the Defined Benefit Supplement Annuity Estimate Tables. Calculate an estimate for each annuity type based on various account balances and age at retirement. Estimate the cost to purchase permissive or nonqualified service credit.
DBS Member-Only Annuity (Formerly known as DBS Single Life Annuity With a Cash Refund) This annuity provides the retired member with a lifetime monthly annuity.
1 lis 2022 · The high inflation rate in 2022 will push the purchasing power of CalSTRS pensions down to the 85% floor for about 50,000 retirees. As a result, these retirees will receive a second check from CalSTRS — the SBMA as described above — starting in October.
