State Teachers Retirement System (STRS)
Employees who participate in STRS have the option to select the Defined Benefits Plan, the Defined Contribution Plan, or the Combined Plan. Details regarding the features of these plans are available in the information packet provided to new faculty members by STRS and on the STRS Website.
Retirement eligibility under STRS: STRS requires an employee contribution of 14% and an employer contribution of 14%. Retirement eligibility under the STRS Defined Benefit or Combined plans is any age with 30 years of service or more, age 55 with at least 25 years of service, or age 60 with at least 5 years of service. Disability retirement benefits may be available after at least 5 years of service credit under the Defined Benefit or Combined plans. There are no disability benefits available under the Defined Contribution plan.