//get the form's jQuery element and hide it Overview: Comparison of CSRS FERS Retirement Calculator, CalPERS Retirement Calculator, and the AARP Retirement Calculator Planning for retirement is something that needs to be taken very seriously. Kraig Strom - The Income Engineer 2,655 views. CalSTRS and CalPERS have different formulas for how your final compensation is determined. As a California teacher, educator, or public employee, you may be wondering what retirement benefits are available to you. This differs between CalSTRS and CalPERS, ​AND​ if you were hired before or after January 1, 2013. © 2021 PlanMember Financial Corporation. form.getFormElem().hide(); Your Retirement Benefit Both CalSTRS and CalPERS calculate your retirement benefit based on your service credit (years of service) in the system, your retirement age and your final compensation. If you do decide to change, know that the rules can be complex, and your choice can have a significant impact on your retirement benefits. When you begin your employment, you’ll be covered by one of the following retirement plans: CalSTRS or CalPERS. The CalSTRS annual benefit adjustment is not compounded; the CalPERS annual benefit adjustment is compounded annually to reflect inflation and does not have a fixed rate. // Securities and advisory services offered through PlanMember Securities Corporation. The systems are very similar. But oftentimes the differences between the two are confusing, especially with important factors like eligibility requirements and how your benefits are calculated. CalSTRS purchasing power protection is currently 85% and paid quarterly; CalPERS purchasing power … Antalet pensionister i juni 2015 var 611, 078 eller 34% af planens medlemmer. See disclosures below. The 2020 PEPRA compensation limits are $126,291 for Social Security members and $151,549 for non-Social Security members. View the 2020 health premiums approved by the CalPERS Board of Administration: CalPERS 2020 In-State Rates (PDF) CalPERS 2020 Out-of-State Rates (PDF) Employer Contribution Amounts Active State Members. This should incentivize you to work longer! //