Attached is CalPERS Circular Letter #200-021-23 on 2023-24 School Employer and Employee Contribution Rates.
The employer contribution rate for FY 2023-24 will increase to 26.68%. The rate has been changed in Escape payroll system.
The member contribution rate remains the same for FY 2023-24. The member contribution rate for PEPRA members is 8.00% and Classic members is 7.00%.
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>
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
The employer contribution rate for FY 2023-24 will increase to 26.68%. The rate has been changed in Escape payroll system.
The member contribution rate remains the same for FY 2023-24. The member contribution rate for PEPRA members is 8.00% and Classic members is 7.00%.
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>
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox. To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
2023-24-School-Employer-and-Employee-Contribution-Rates-CalPERS.pdf