Attached is CalPERS circular letter 200-014-24 Payrate Reporting for Classified School Members, reminding employers that payrates for Classified School Members must be reported based on a 40 hours per week, 2,080 hours per year, or 173.3333 hours per month salary rate. Please see the attached circular letter for examples of how to calculate the salary rate for employees whose rate is based on less than 2,080 hours per year. Failure to correctly report payrates results in inaccurate service credit accrual and inaccurate retirement benefits, as well as potential financial penalties for districts.
In addition, CalPERS provides a Full-Time Equivalent Pay Rate Calculator for Classified School Members on their website<www.calpers.ca.gov/page/employers/policies-and-procedures/compliance-in-compensation-reporting/fte-payrate-calculator> and Compliance in Compensation Reporting<www.calpers.ca.gov/page/employers/policies-and-procedures/compliance-in-compensation-reporting> resources.
Question related to FTE payrate compliance and reporting can be emailed to the Employer Account Management Division – Audit Compliance and Resolution Unti at MOU_Review@calpers.ca.gov<mailto:MOU_Review@calpers.ca.gov> or CalPERS Customer Contact Center at 888-225-7377.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
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In addition, CalPERS provides a Full-Time Equivalent Pay Rate Calculator for Classified School Members on their website<www.calpers.ca.gov/page/employers/policies-and-procedures/compliance-in-compensation-reporting/fte-payrate-calculator> and Compliance in Compensation Reporting<www.calpers.ca.gov/page/employers/policies-and-procedures/compliance-in-compensation-reporting> resources.
Question related to FTE payrate compliance and reporting can be emailed to the Employer Account Management Division – Audit Compliance and Resolution Unti at MOU_Review@calpers.ca.gov<mailto:MOU_Review@calpers.ca.gov> or CalPERS Customer Contact Center at 888-225-7377.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
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>
Payrate-Reporting-for-Classified-School-Members-CalPERS.pdf