CalSTRS has approximately 850,000 members.
71% of the CalSTRS members are women.
2009 data from CalSTRS currently reports 224,000 benefit recipients.
Only 1.8% or 3,800 CalSTRS benefit recipients receive a pension of $100,000 or more, known as the "$100,000 Club"
*These are usually administrators and superintendents.
*These recipients have worked an average of 38 years.
*Average salary at time of retirement was $125,000.
Realities of everyday retirees(non administrative):
-Average age of reitree is 71.
-Average retiree receives a pension of about $3,100.
-Life expectancy of retiree is 18 years beyond retirement.
-He or she retires at age 61 after 28 years in the system.
-Retirees receive 62% replacemtn of pre-retirement income.
-Retirees do not receive Social Security.
-60% of all retirees receive no financial support for health care after age 65.