Year End Checklist for STRS & PERS

Amidst your summer vacation plans, kids’ camps, and busy schedules, it’s easy to forget about updating PERS and STRS rates. We are here to remind you to do just that (and of course to drink plenty of water and to apply sunscreen). 

STRS Contribution and Deduction Rates

New Rates are in effect for the fiscal year 2019-20:

Employer Directive 2019-02 (Amended)

2% at 60 Members
Deduction
STRS = 10.25% (Unchanged from last year)
STRSDBS = 8% (Unchanged from last year)

Contribution
STRS = 17.10% (New this FY)
STRSDBS = 8.25% (Unchanged from last year)
STRSR = 17.10% (New this FY)
STRSEO = 17.10% (New this FY)

2% at 62 Members
Deduction
STRSN = 10.205% (Unchanged from last year)
STRSDBS* = 9% (Unchanged from last year, In Escape Online 5, there is no deduction set up for 2% @ 62 members because compensation for 2% @ 62 members cannot be directly reported to DBS.  The rate change will affect the return of excess contributions when compensation is transferred to DBS during the annual reconciliation process internally at CalSTRS.  There are no changes needed in Escape Online 5 for this Deduction. 

Contribution
STRSN = 17.10% (New this FY)
STRSDBS = 8.25% (Unchanged from last year)
STRSR = 17.10% (New this FY)
STRSEO =  17.10% (New this FY)

PERS Contribution and Deduction Rates

Circular Letter: 200-029-19 - 2019-20 School Employer and Employee Contribution Rates

New rates become effective with the first payroll period that ends in July 2019 and are in effect for fiscal year 2019-20.

Classic Members
Deduction
PERS = 7% (Unchanged from last year)
Contribution
PERS = 19.721% (New this FY)

New (PEPRA) Members
Deduction

PERSN = 7% (Unchanged from last year)
Contribution
PERSN = 19.721% (New this FY)