January 2018
Contributions to CalSTRS
LAO Economic Growth Scenario (Dollars in Billions)
2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | |
Contribution Rates | ||||||||
Statea | 5.2% | 5.7% | 7.1% | 8.6% | 9.1% | 9.6% | 10.1% | 10.6% |
School/College Districts | 8.3 | 8.9 | 10.7 | 12.6 | 14.4 | 16.3 | 18.1 | 19.1 |
Teachers (pre-PEPRA) | 8.2 | 9.2 | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 | 10.3 |
Teachers (PEPRA) | 8.2 | 8.6 | 9.2 | 9.2 | 9.2 | 10.2 | 10.2 | 10.2 |
Contribution Amounts | ||||||||
Stateb | $1.4 | $1.5 | $1.9 | $2.5 | $2.8 | $3.1 | $3.4 | $3.8 |
School/College Districtsc | 2.3 | 2.7 | 3.4 | 4.2 | 4.9 | 5.8 | 6.7 | 7.4 |
Teachersc | 2.3 | 2.5 | 3.0 | 3.4 | 3.4 | 3.6 | 3.8 | 3.9 |
Total | $5.9 | $6.7 | $8.3 | $10.1 | $11.1 | $12.4 | $13.9 | $15.1 |
a Includes state contributions to Supplemental Benefits Maintenance Account (SBMA). | ||||||||
b Amounts through 2017-18 are actuals. Thereafter, amounts are LAO estimates. | ||||||||
c Amounts through 2016-17 are based on tables in the annual Governor's Budget. Thereafter, amounts are LAO estimates. | ||||||||
CalSTRS = California State Teachers’ Retirement System. PEPRA = Public Employees' Pension Reform Act. |