CalSTRS Board votes to increase the lump sum death benefit.
By Pat Geyer, CalRTA
Karen Yamamoto, member of the CalSTRS Board representing retired teachers proposed increasing the CalSTRS Lump Sum Death Benefit by 3.4% which reflects changes in the California Consumer Price Index from December 2016 to December 2017. This is the first increase in the death benefit since 2002.
The death benefit for Active Coverage A, disabled members and retired members will go from $6163 to $6372. For Active Coverage B members the death benefit will go from $24,652 to $25,488. The increases will be effective July 1, 2018. Thank you to Karen and to members of the CalSTRS Board.