If you are a recipient of one of the California state pension plans below; I can help you understand what this benefit provides. It is customary for me to furnish all of my clients with a retirement projection that includes this pension and the income that will be provided to you. The amount you receive will be based on your own individual years of service, age at retirement and annual salary. Let me know if you would like a complimentary projection, or feel free to visit the site(s) below and access all available information and their online calculators linked to your own STRS or PERS account.
For help computing your STRS and how your Social Security income (SSi) may be reduced under the WEP or Windfall Elimination Provision, you might try this calculator that Social Security has made available:
https://www.ssa.gov/benefits/retirement/planner/wep.html
Also feel free to to contact me if you would like or need assistance in optimizing your SSi for yourself, or for you and your spouse combined.
Neither the Lincoln Investment family of companies nor any of its representatives are affiliated with the California State Teachers' Retirement System (CalSTRS) or the California Public Employees' Retirement System (CalPERS); and CalSTRS and Cal PERS do not sponsor, authorize or endorse the retirement educational services described in this or other communications of Lincoln Investment.
Calculators are provided only as general self-help planning tools. Results depend on many factors, including the assumptions you provide and may vary with each use and over time. We do not guarantee their accuracy, or applicability to your circumstances.
CalSTRS
CalPERS