EdBudget Figures
Related Figures
- Tracking Changes in the Proposition 98 Guarantee
- Proposition 98 Funding by Segment and Source
- Proposition 98 Key Inputs and Outcomes Under 2021-22 Budget Package
- Budget Pays Down School and Community College Deferrals
- Districts' Pension Contribution Rates and Amounts
- 2020-21 Changes in Proposition 98 Spending
- 2021-22 Changes in Proposition 98 Spending
July 2021
Proposition 98 Overview
Contributions to CalSTRS
(Dollars in Billions)
| 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | |
| Contribution Rates | ||||||
| Employersa | 17.1% | 16.2% | 16.9% | 19.1% | 19.1% | 19.1% |
| Stateb | 10.3 | 10.3 | 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 | ||||||
| Employersc | $5.6 | $5.5 | $5.9 | $6.9 | $7.1 | $7.4 |
| Stated | 3.3 | 3.4 | 3.7 | 4.0 | 4.3 | 4.7 |
| Teachers | 3.4 | 3.5 | 3.6 | 3.7 | 3.8 | 3.9 |
| Totals | $12.3 | $12.4 | $13.1 | $14.5 | $15.2 | $16.0 |
| Notes: | ||||||
| Projections for 2022-23 through 2024-25 are based on CalSTRS' most recent actuarial valuation (for the fiscal year ending June 30, 2020, reflecting investment returns of 3.9 percent in the fiscal year 2019-20). Final rates and amounts for those years will vary based on actual investment returns (including investment returns of over 25 percent in fiscal year 2020-21) 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. For contributions made by the state on districts' behalf, see here. | ||||||
| d For 2021-22, does not include a 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 actuarial obligation using Proposition 2 funds. Proposition 2 payments for this purpose were made in 2019-20, 2020-21, and 2021-22 and additional payments are propsed for future years. | ||||||
| CalSTRS = California State Teachers' Retirement System. PEPRA = Public Employees' Pension Reform Act. | ||||||