Another View: CalSTRS Has Safeguards to Deal With Pension Spiking

CalSTRS' efforts to guard against pension spiking have recently been mischaracterized or overlooked.

The average CalSTRS member retires near age 62 after more than 25 years of service with a pension that replaces about 60 percent of salary. Members receive no Social Security benefits for CalSTRS-covered employment and generally do not receive employer-paid health care benefits after age 65. Of the more than 200,000 retirees who receive CalSTRS pensions, about 2 percent exceed $100,000.

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