July 2018
Districts' Pension Contribution Rates and Costs
(Dollars in Millions)
2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | |
Contribution Rates | ||||||||
CalSTRS | 8.25% | 8.88% | 10.73% | 12.58% | 14.43% | 16.28% | 18.13% | 19.10% |
CalPERS | 11.44 | 11.77 | 11.85 | 13.89 | 15.53 | 18.06 | 20.80 | 23.50 |
Contribution Amounts | ||||||||
CalSTRSa | ||||||||
School Districts | $2,086 | $2,463 | $3,120 | $3,724 | $4,443 | $5,213 | $6,037 | $6,615 |
Community College Districtsb | 179 | 207 | 262 | 314 | 374 | 439 | 508 | 557 |
Totalsc | $2,265 | $2,670 | $3,382 | $4,038 | $4,817 | $5,651 | $6,545 | $7,171 |
CalPERS | ||||||||
School Districts | $1,122 | $1,104 | $1,214 | $1,509 | $1,710 | $2,090 | $2,476 | $2,875 |
Community College Districtsd | 202 | 205 | 221 | 275 | 312 | 381 | 452 | 524 |
Totalse | $1,323 | $1,309 | $1,435 | $1,784 | $2,022 | $2,471 | $2,928 | $3,399 |
Total District Contributions | ||||||||
School Districts | $3,208 | $3,567 | $4,334 | $5,233 | $6,153 | $7,303 | $8,513 | $9,489 |
Community College Districts | $380 | $412 | $482 | $589 | $686 | $820 | $960 | $1,081 |
Totals | $3,588 | $3,979 | $4,817 | $5,821 | $6,839 | $8,123 | $9,473 | $10,570 |
a Statewide payroll through 2016-17 based on CalSTRS' creditable compensation reports. Thereafter, payroll grows at administration's assumed rate of 4 percent per year. | ||||||||
b Share of CalSTRS contributions from community colleges through 2016-17 based on split of payroll from CalSTRS' creditable compensation reports. Thereafter, we assume 2016-17 share is constant. | ||||||||
c Total CalSTRS contributions through 2015-16 based on tables in the annual Governor's Budget. Thereafter, totals are estimates based on administration's payroll growth assumption. | ||||||||
d Share of CalPERS contributions from community colleges based on information from CalPERS. | ||||||||
e Amounts through 2016-17 from CalPERS Comprehensive Annual Financial Report. Thereafter, amounts are CalPERS projections. | ||||||||
CalSTRS = California State Teachers’ Retirement System. CalPERS = California Public Employees’ Retirement System. |