CalPERS and CalSTRS Member Contributions


 

CalPERS Member Contribution Rates

Beginning July 1, 2018, employee contribution rates are changing for some members. 

  • Classic Members (joined prior to January 1, 2013) will continue to contribute 7% of reportable compensation.
  • New Members (joined on or after January 1, 2013) under the Public Employees’ Pension Reform Act (PEPRA) will contribute 7% of reportable compensation instead of 6.5%.

Additional information can be found on the CalPERS website.You can visit the CalPERS web site at: https://www.calpers.ca.gov/

 

CalSTRS Member Contribution Rates

Assembly Bill 1469 was signed into law by the Governor as part of the 2014/2015 state budget. It increases the CalSTRS member contributions on compensation that is creditable to the Defined Benefit Program.This had previously been set at a rate of 8% of gross pay for all members.

Below are the rates in effect since the start of the 2015 fiscal year for:

  • Classic Members (Hired prior to January 1, 2013):

Effective July 1, 2015 the rate increased from 8.15% to 9.2%.

Effective July 1, 2016 through June 30, 2021, the rate increased from 9.2% to 10.25%.

  • New Members (Hired on January 1, 2013 or later):

Effective July 1, 2015 the rate increased from 8.15% to 8.56%

Effective July 1, 2016 the rate increased from 8.56% to 9.205%

Effective July 1, 2017 the rate 9.205% remained in force.

Effective July 1, 2018 the rate increses to 10.205% from 9.205%.

Read more here: https://www.calstrs.com/