January 2021

Proposition 98 Overview

Contributions to CalSTRS

(Dollars in Billions)

  2019-20 2020-21 2021-22 2022-23 2023-24 2024-25
Contribution Rates            
Districtsa 17.1% 16.2% 15.9% 18.0% 18.0% 18.0%
Stateb 10.3 10.3c 10.8 11.3 11.8 12.3
Teachers (pre-PEPRA) 10.3 10.3 10.3 10.3 10.3 10.3
Teachers (PEPRA) 10.2 10.2 10.2 10.2 10.2 10.2
             
Contribution Amounts            
Districtsd $5.6 $5.5 $5.5 $6.4 $6.7 $6.9
Statee  3.3  3.4  3.7  4.0  4.3  4.7
Teachers  3.4  3.5  3.5  3.7  3.8  3.9
Totals $12.3 $12.4 $12.8 $14.1 $14.8 $15.5
             
Notes:            
Projections for 2021-22 through 2024-25 are based on actuarial assumptions and experience through June 30, 2019. Final rates and amounts for those years will vary based on actual 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 rates shown include the state's required contribution to the Supplemental Benefits Maintenance Account.
c The state suspended its scheduled rate increase for 2020-21.
d Does not include payments made by the state on districts' behalf.
e For 2021-22, does not include a proposed one-time General Fund payment of $173 million, to help offset the state's budget action in 2020-21 to hold the state's contribution rate flat. Also does not include state supplemental payments for paying down unfunded CalSTRS pension liabilities using Proposition 2 funds. Proposition 2 payments for this purpose were made in 2019-20 and 2020-21 and additional payments are propsed for future years.
CalSTRS = California State Teachers' Retirement System. PEPRA = Public Employees' Pension Reform Act.