EdBudget Figures
January 2020
Proposition 98 Overview
Districts' Pension Contribution Rates and Amounts
(Dollars in Millions)
| 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | |
| Contribution Rates | ||||||
| CalSTRS | 16.28% | 17.10% | 18.40% | 18.10% | 18.10% | 18.10% |
| CalPERS | 18.06 | 19.72 | 22.80 | 24.90% | 26.60 | 26.90 |
| Contribution Amounts | ||||||
| CalSTRSa | ||||||
| Schoolsb | $5,157 | $5,599 | $6,105 | $6,216 | $6,433 | $6,658 |
| Community collegesb | 476 | 517 | 564 | 574 | 594 | 615 |
| Subotals | $5,633 | $6,116 | $6,669 | $6,790 | $7,027 | $7,273 |
| CalPERSc | ||||||
| Schoolsd | $2,145 | $2,410 | $2,863 | $3,212 | $3,525 | $3,664 |
| Community collegesd | 354 | 397 | 472 | 530 | 582 | 604 |
| Subotals | $2,499 | $2,807 | $3,335 | $3,742 | $4,107 | $4,268 |
| Total District Contributions | ||||||
| Schools | $7,302 | $8,008 | $8,968 | $9,428 | $9,959 | $10,322 |
| Community colleges | 830 | 914 | 1,036 | 1,104 | 1,175 | 1,219 |
| Totals | $8,132 | $8,923 | $10,004 | $10,532 | $11,134 | $11,541 |
| a Contribution amounts through 2019-20 are based on Governor's Budget estimates. Thereafter, we assume payroll grows at CalSTRS' assumed rate (3.5 percent per year). | ||||||
| b Share of contributions from schools and community colleges is based on the split of payroll from CalSTRS' creditable compensation reports in 2018-19. | ||||||
| c Contribution amounts in 2018-19 are based on CalPERS reporting. Thereafter, we assume payroll grows at CalPERS' assumed rate (2.875 percent in 2019-20 and 2.75 percent per year thereafter). Excludes contributions for classified employees not covered by the CalPERS schools pool. | ||||||
| d Share of contributions from schools and community colleges each year is based on 2017-18 financial reports. | ||||||
| CalSTRS = California State Teachers’ Retirement System. CalPERS = California Public Employees’ Retirement System. | ||||||