19/20 Employee Retirement Contribution Rates

CalSTRS

2% @ 60 Members (CalSTRS member OR performed eligible certificated service prior to 1/1/2013)

Employee Rate: 10.25% (Unchanged from last year)
Employer Rate:  17.10% (New this FY-Previously 16.28%)

2% @ 62 Members (Became a CalSTRS member on or after 1/1/2013)

Employee Rate: 10.205% (Unchanged from last year)
Employer Rate:  17.10%   (New this FY-Previously 16.28%)

 

CalPERS

Classic Members – 2% @ 55 (Became a CalPERS member prior to 1/1/2013)

Employee Rate: 7% (Unchanged from last year)
Employer Rate: 19.721 (New this FY-Previously 18.062%)

New/PEPRA Members – 2% at 62 (Became a CalPERS member on or after 1/1/2013)

Employee Rate: 7% (Unchanged from last year)
Employer Rate: 19.721% (New this FY-Previously 18.062%)