CalPERS 2022-23 School Employer and Employee Contribution Rates

Attached is CalPERS Circular Letter #200-034-22 on 2022-23 School Employer and Employee Contribution Rates.
The employer contribution rate for FY 2022-23 will be 25.37%.
The member contribution rate for some school employees will change effective July 1, 2022. In accordance with the Public Employees’ Pension Reform Act (PEPRA). For FY 2022-23, the total normal cost rate for PEPRA school members has changed by more than 1% of payroll since the last member rate adjustment. As a result, the member contribution rate for PEPRA members will increase to 8.00% effective with the first payroll period ending in July 2022. The member contribution rate for classic members is set by statute and will remain at 7.00%.
The rates have been changed in Escape payroll system.
If you have questions, call CalPERS Customer Contact Center at 888 CalPERS (or 888-225-7377).
Regards, School Business Advisory Services Team Santa Barbara County Education Office www.sbceo.org/sbas<www.sbceo.org/sbas>
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