California · CalSTRS · Payment options

Your CalSTRS payment options

You pick one when you retire. The Member-Only Benefit pays the most. An option pays you less so your beneficiary keeps getting a check after you die.

California specificsIn the handbook, Angela's Member-Only Benefit is $3,192.92 a month; with 100% to a beneficiary her own age, it's $2,883.53. Your choice also sets what your family gets (see survivor benefits) and the base for the 2% yearly increase. Add a beneficiary birth date in the calculator to compare options.

Member-Only Benefit

Highest monthly benefit; stops at your death. Your one-time death benefit and any remaining contributions and interest go to your one-time death benefit recipient.

Handbook p. 68, Member-Only Benefit

100% Beneficiary Option

Beneficiary receives 100% of the amount you were receiving. If the beneficiary dies first, your benefit rises to the Member-Only Benefit. Largest decrease to your benefit.

Handbook p. 68, Option choices

75% Beneficiary Option

Beneficiary receives 75% of the amount you were receiving. If the beneficiary dies first, your benefit rises to the Member-Only Benefit.

Handbook p. 68, Option choices

50% Beneficiary Option

Beneficiary receives 50% of the amount you were receiving. If the beneficiary dies first, your benefit rises to the Member-Only Benefit. Smallest decrease while still providing a benefit.

Handbook p. 68, Option choices

An option factor is the number CalSTRS multiplies your Member-Only Benefit by when you pick an option. It depends on your age, your beneficiary's age and the option. Handbook p. 82, Service retirement option factor tables

Angela's example: both ages 60

Member-Only Benefit: $3,192.92 a month (24.25 years, $6,583.33 monthly final compensation).

Angela's example: both ages 60 (California CalSTRS)
OptionFactorAngela getsBeneficiary getsHandbook shows
100% Beneficiary Option0.9031$2,883.53$2,883.53$2,883.53 / $2,883.53
75% Beneficiary Option0.9306$2,971.33$2,228.50$2,971.33 / $2,228.50
50% Beneficiary Option0.9549$3,048.92$1,524.46$3,048.92 / $1,524.46
Handbook p. 76, Beneficiary option examples and worksheets

Compound Option example

Allot percentages of the Member-Only Benefit to yourself (optional) and to one or more beneficiaries, choosing the 100%, 75% or 50% option for each. Each beneficiary's portion is multiplied by its option factor; your Modified Benefit is your retained Member-Only portion plus the reduced portions. Allocations must total 100%. If you elect any option, no contributions or interest are distributed at your death.

The handbook splits a $3,192.92 benefit: 30% kept as Member-Only, 60% to a 100% option for a 60-year-old (factor 0.9031), and 10% to a 50% option for a 35-year-old (factor 0.9014). The member then gets $2,975.80 a month (handbook: $2,975.80).

Handbook p. 77, Compound Option example and worksheet

Sample option factors (member age 60)

From the handbook's extract. Ages are to the nearest quarter year. CalSTRS gives your exact factors in an estimate. Handbook p. 82, Service retirement option factor tables

Sample option factors (member age 60) (California CalSTRS)
Beneficiary age100% option75% option50% option
200.7850.83450.8855
250.79140.83990.8897
300.79960.84690.8949
350.810.85560.9014
400.82310.86660.9095
450.83940.880.9193
500.85880.89570.9306
550.88060.9130.9428
600.90310.93060.9549
650.92430.94680.9657
700.94240.96030.9746
How we estimate Check with CalSTRS

The handbook prints option factors only for sample ages (member 55 to 70, beneficiary every 5 years from 20 to 70), and CalSTRS updates them from time to time.

Between sample ages we estimate the factor and label it as an estimate.

p. 82, Service retirement option factor tables

Choosing an option before you retire

Once eligible to retire you may elect an option before retirement. If you die before retirement, your beneficiary gets the benefit that would have been paid had you retired on the date of death. At retirement the option factor used is the higher of the factor in effect at election or at retirement. Changing or canceling it (or the beneficiary dying first) triggers an assessment that may reduce your benefit for life. CalSTRS must receive the form within 30 days of your signature; spouse or registered domestic partner must sign. Handbook p. 48, Choosing an option before retirement compared to at retirement

Worked example (handbook)Member retires at 60; 100% beneficiary is also 60; both were 55 at the preretirement election. Member-Only Benefit $1,963.89. Elected at 55 (factor 0.9198): $1,806.39. Elected at retirement (factor 0.9031): $1,773.59.Handbook p. 48, Choosing an option before retirement compared to at retirement

What the handbook says

Questions

Which CalSTRS payment option pays the most?

The Member-Only Benefit pays the most each month, but it stops when you die. Each beneficiary option pays less so a monthly benefit can continue to your option beneficiary for life.

What happens if my beneficiary dies first?

Under the 100%, 75% and 50% options, your benefit goes back up to the Member-Only amount.

Can I change my option later?

You have 30 days from the date your first payment is issued to change or cancel. After that you can change only in certain cases, such as your beneficiary's death, a divorce or a marriage.

See options with your numbers → Survivor benefits

Source: CalSTRS Member Handbook, 2026 edition (Jan. 1, 2026 - June 30, 2027), pp. 47, 48, 49, 68, 69, 70, 71, 72, 76, 77, 82, 83. Last reviewed .