Zhejiang Province, abbreviated as Zhe or Dian in Chinese, is located in the coastal area of southeast China. It covers an area of over 100,000 square kilometers, and has a population of 46.02 million. The capital city of Zhejiang Province is Hangzhou.
Sample formula annuity calculation for a teacher age 57, with final average monthly earnings of $3,250 and 25 years of WRS service (14 years before 2000, 11 years after 1999): Sample money purchase annuity calculation for the same age 57 teacher, who has a money purchase balance of $220,000:
For members under CalSTRS 2% at 62, your age factor is: 1  Set at 2 percent at age 62. 2  Decreased if you retire before age 62. 3  Increased to a maximum of 2.4 percent if you retire after age 65.or members under CalSTRS 2% at 60, a career factor of 0.2 percent will be added to your age factor if you retire with at least 30 years of earned service credit, up to a maximum age factor of 2.4 percent. 1  Print-friendly.