Installment Payment Interest Rate Increases July 1, 2010

On July 1, 2010, the interest rate for new service credit purchases and redeposits financed through cash installments or payroll deductions changes to mirror the CalSTRS assumed rate of return on investments.

Review the rate increase and learn how to lock in the lower rate.

Use Of CalSTRS Online Calculators

Calculators estimate purchases only. The estimate is non-binding between you and CalSTRS. Here's how the calculators work:

1. You provide the correct information.
2. Assumptions are made based on your information.
3. The law takes precedence in any conflict between information you provide and the law.

You make the final decision on what type and how much service credit you want to purchase. Read the booklet Purchase Additional Service Credit for detailed information.

Actual Purchase Costs

Contact CalSTRS to:

• Obtain actual purchase costs
• Establish a receivable account
• Obtain official billing information

Do not send payments based on calculations you make using any CalSTRS online calculator.

Return to Online Calculators.