EdBudget Figures
Related Figures
- Proposition 98 Funding by Segment and Source
- Tracking Changes in the Proposition 98 Minimum Guarantee
- Proposition 98 Key Inputs and Outcomes Under Governor's Budget
- Governor's Budget Contains $19.1 Billion in Proposition 98 Spending Proposals
- Deferral Paydowns in Governor's Budget
- 2021-22 Changes in Proposition 98 Spending
- Contributions to CalSTRS
January 2021
Proposition 98 Overview
Districts' Pension Contribution Rates and Amounts
(Dollars in Millions)
| 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | |
| Contribution Ratesa | ||||||
| CalSTRS | 17.1% | 16.2% | 15.9% | 18.0% | 18.0% | 18.0% |
| CalPERS | 19.7 | 20.7 | 23.0 | 26.3 | 27.3 | 27.8 |
| Contribution Amounts | ||||||
| CalSTRSb | ||||||
| School districts | $5,183 | $5,045 | $5,087 | $5,936 | $6,144 | $6,359 |
| Community colleges | 438 | 427 | 436 | 509 | 526 | 545 |
| Subtotals | ($5,621) | ($5,472) | ($5,523) | ($6,445) | ($6,670) | ($6,904) |
| CalPERSc | ||||||
| School districts | $2,392 | $2,618 | $2,989 | $3,512 | $3,745 | $3,919 |
| Community colleges | 415 | 455 | 519 | 610 | 651 | 681 |
| Subtotals | ($2,807) | ($3,073) | ($3,508) | ($4,122) | ($4,396) | ($4,600) |
| Total District Contributions | ||||||
| School districts | $7,575 | $7,663 | $8,076 | $9,448 | $9,889 | $10,278 |
| Community colleges | 853 | 882 | 955 | 1,119 | 1,177 | 1,226 |
| Totals | $8,428 | $8,545 | $9,031 | $10,567 | $11,066 | $11,504 |
| Notes: | ||||||
| a Projected rates for 2021-22 through 2024-25 are based on actuarial assumptions and experience through June 30, 2019. Final rates 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. | ||||||
| b Contribution amounts are estimates based on creditable compensation. For 2019-20 and 2020-21, amounts are based on actual creditable compensation. For future years, amounts are based on projected creditable compensation growth. Excludes payments made by the state on behalf of employers (see here). Share of contributions from schools and community colleges through 2020-21 are based on the split of payroll from CalSTRS' creditable compensation reports. Thereafter, we assume the 2020-21 share is constant. | ||||||
| c Contribution amounts are estimates form CalPERS. For future years, amounts are based on projected creditable compensation growth. Excludes contributions for classified employees not covered by the CalPERS School Pool. Excludes payments made by the state on behalf of employers (see here). Share of contributions from schools and community colleges are estimates from CalPERS. | ||||||
| CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees’ Retirement System. | ||||||