Attached is CalPERS Circular Letter #200-021-24 on 2024-25 School Employer and Employee Contribution Rates.
The employer contribution rate for FY 2024-25 will increase to 27.05%. The rate has been changed in the Escape payroll module.
The member contribution rate remains the same for FY 2024-25. The member contribution rate for PEPRA members is 8.00% and 7.00% for Classic members.
If you have questions, call CalPERS Customer Contact Center at 888 CalPERS (or 888-225-7377).
Regards,
The employer contribution rate for FY 2024-25 will increase to 27.05%. The rate has been changed in the Escape payroll module.
The member contribution rate remains the same for FY 2024-25. The member contribution rate for PEPRA members is 8.00% and 7.00% for Classic members.
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
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2024-25-School-Employer-and-Employee-Contribution-Rates-CalPERS.pdf