July 2020

Proposition 98 Overview

Contributions to CalSTRS

(Dollars in Billions)

  2019-20 2020-21 2021-22 2022-23 2023-24
Contribution Rates          
Employersa 17.1% 16.2% 16.0% 18.2% 18.2%
Stateb 10.3 10.3 10.8 11.3 11.8
Teachers (pre-PEPRA) 10.3 10.3 10.3 10.3 10.3
Teachers (PEPRA) 10.2 10.2 10.2 10.2 10.2
           
Contribution Amounts        
Employersc $5.6 $5.5 $5.6 $6.6 $6.8
Stated  3.3  3.4  3.7  4.0  4.4
Teachers  3.4  3.5  3.6  3.7  3.8
Totals  $12.3  $12.4  $12.9 $14.4 $15.0
Notes:          
Projections for 2021-22, 2022-23, and 2023-24 are based on actuarial assumptions and experience through June 30, 2019. Final rates and amounts for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. Amounts may not add to total due to rounding.
a Reflects effective rates for school districts and community college districts. For 2019-20, 2020-21, and 2021-22, districts' rates are offset by contributions from the state made on their behalf. For contributions made by the state on districts' behalf, see here.
b The state suspended its scheduled rate increase for 2020-21. The rates shown include the state's required contribution to the Supplemental Benefits Maintenance Account.
c Does not include payments made by the state on districts' behalf.
d Does not include state supplemental payments for paying down unfunded CalSTRS pension liabilities.
CalSTRS = California State Teachers' Retirement System. PEPRA = Public Employees' Pension Reform Act.