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January 2018

Proposition 98 Overview

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.