§ 21352 Retirement Annuity Calculation

• •When you retire, you get money every month based on what you put in while working.
• •The amount you get depends on how much you saved and how long you worked.
• •The money is calculated to be fair based on your contributions.

A teacher works for 30 years and saves money from each paycheck.

When the teacher retires, they get monthly payments based on how much they saved over those 30 years.