EdBudget Figures
Related Figures
- State Payments Provided on Behalf of School and Community College Districts
- Contributions to CalSTRS
- Districts' Pension Contribution Rates and Amounts
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Funding by Segment and Source
- Proposition 98 Key Inputs and Outcomes Under 2020-21 Budget Package
July 2020
Proposition 98 Overview
Changes to Districts' Contribution Rates
Employer Contribution Rate as a Percentage of Payroll
| 2019-20 Final | 2020-21 Final | 2021-22 Projected | 2022-23 Projected | 2023-24 Projected | |
| CalSTRS | |||||
| Previous projections | 17.1% | 18.4% | 18.2% | 18.2% | 18.2% |
| Revised projections | 17.1% | 16.2% | 16.0% | 18.2% | 18.2% |
| Difference | — | -2.3% | -2.2% | — | — |
| CalPERS | |||||
| Previous projections | 19.7% | 22.7% | 25.0% | 26.6% | 26.9% |
| Revised projections | 19.7% | 20.7% | 22.8% | 26.6% | 26.9% |
| Difference | — | -2.0% | -2.2% | — | — |
| Notes: | |||||
| Revised projections reflect rates upon enactment of the 2020-21 budget package. Previous projections reflect rates at the time of the Governor's Budget proposal. For 2019-20, 2020-21, and 2021-22, employers' rates are offset by contributions from the state on their behalf, resulting in lower effective contribution rates compared to actual rates received by the pension systems. Projections for 2021-22, 2022-23, and 2023-24 are based on actuarial assumptions and experience through June 30, 2019. Final rates for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. | |||||
| CalSTRS = California State Teachers' Retirement System. | |||||
| CalPERS = California Public Employees' Retirement System. | |||||