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July 2019

Proposition 98 Overview

State Payments Made on Behalf of School and Community College Districts

Payments Toward Districts' Retirement Liabilities Pursuant to 2019-20 Budget Package (In Millions)

  Supplemental Payments              Supplanting Payments
  2018-19   2019-20 2020-21
CalSTRS $1,640   $356 250
CalPERS 660   144 100
Total $2,300   $500 $350
         
CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System.