Pensions & Retirement:  STRS & PERS, and 403(b) & 457 Plans

CalSTRS:  The State Teachers Retirement System

     CalSTRS Contribution Rates for 2017-18:

    10.250% for Employees with membership dates prior to 1/1/2013

      9.205% for Employees with membership dates of 1/1/2013 or later

    14.430% for the District  [regardless of membership date]

     

Overview of CalSTRS          Welcome to CalSTRS

 

Retirement Information for Substitutes (2016)           Planning for Retirement

 

Recipient (Beneficiary) Pre-Retirement Designation (Rev 2017)

Public Pension Plans:  Membership in one of the California retirement systems is mandatory for all District employees who work half-time or more.  Certificated staff (primarily teachers and administration) are enrolled in CalSTRS if they work .5 FTE or greater.  All other District staff (classified employees) will be enrolled in CalPERS if they are contracted to work 4 hours or more per day.  In addition, employees hired to work less than half-time who are already members of CalSTRS or CalPERS will be required to participate.  

 

Things to note:   (1)  It is possible to be a certificated teacher in CalPERS (the classified retirement system) if you were already a CalPERS                                        member prior to accepting a creditable certificated position.  It is also possible to be a member of both CalPERS and                                          CalPERS at the same time, and to be eligible for a dual retirement.

                           (2)  CalSTRS members will not participate in Social Security while they are performing STRS-creditable service, whereas                                        CalPERS members will participate in Social Security and CalPERS simultaneously.

 

Introductory material on your retirement system is linked below for your convenience.  More information and a complete membership handbook is available by visiting the CalSTRS and CalSTRS websites.  You may register with CalSTRS and CalPERS for a user identity and password which will allow you to obtain your own personal account information, and download and print the materials you need.

 

         Scroll to the bottom of this page for information on voluntary 403(b) and 457 retirement plans available to all District staff.

CalPERS:  The Public Employees Retirement System

     CalPERS Contribution Rates for 2017-18:

       7.00% for Employees with membership dates prior to 1/1/2013

       6.50% for Employees with membership dates of 1/1/2013 or later

     15.531% for the District  [regardless of membership date]

     plus 6.2% for Social Security  [both Employee and District]

 

CalPERS at a Glance

 

Your Benefits, Your Future (School Membership Booklet)

 

Pre-Retirement Beneficiary Designation            Planning for Retirement

Voluntary Retirement Plans

 

Maximum Contribution to 403(b) and 457 Plans for 2018:

     $18,500 plus $6,000 if over age 50;  $24,500 maximum for each plan.

 

403(b) Voluntary Retirement Plans - Annual Notice

 

403(b) Salary Amendment Agreement and Provider List

VALIC 457 Voluntary Retirement Plan (2014)

 

VALIC 457 Plan Salary Reduction Agreement

 

 

Miller Creek School District

380 Nova Albion Way

San Rafael, CA 94903

(415) 492-3700

© 2016 - 2017 Miller Creek School District