4366

4366
Rev: 6/7/2016

May 31, 2016

TO:

Chief Business Officials

Chief Personnel Officials
HRS Coordinators
Payroll Managers
Los Angeles County K-12 Schools and Community College Districts
Regional Occupational Programs/Centers (ROP/Cs) and HRS Charter Schools

FROM:

Frances S. Meraz
Retirement Systems Coordinator
Division of School Financial Services

SUBJECT:

2016-2017 STRS Rates

The following are the California State Teachers Retirement System (CalSTRS) rates for 2016-2017 fiscal year.
These rates are effective beginning with July earnings/accruals. The 2016-2017 year will be the second year
different rates are established for 2% at 62 members.
Normal DB Contribution Rate
Employee-Member 2% at 60 (Classic)
Employee-Member 2% at 62 (PEPRA)
Regular Interest Rate

Old Rate
9.20%
8.56%
7.50%

New Rate
10.25%
9.205%
7.50%

Normal DB Contribution Rate

Employer 2% at 60 (Classic)
Employer 2% at 62 (PEPRA)
Interest Rate for Cash Balance Benefit
Interest Rate for Defined Benefit
Contribution Rate for Reduced Workload
Contribution Rate for Elected Officials
Factor Rate for Service Credit for Excess Sick Leave

Old Rate
10.73%
10.73%
3.15%
3.15%
10.73%
10.73%
0.301

New Rate
12.58%
12.58%
2.88%
2.88%
12.58%
12.58%
0.301

DBS Contribution Rate

Employee-Member 2% at 60 (Classic)

Old Rate
8.00%

New Rate
8.00%

DBS Contribution Rate

Employer 2% at 60 (Classic)

Old Rate
8.25%

New Rate
8.25%

If you have any questions, please contact Bertha Romero at (562) 922-6427 or via e-mail
Romero_Bertha@lacoe.edu
or
Frances
Meraz
at
(562)
922-6429
or
via
e-mail
Meraz_Frances@lacoe.edu
Approved:
Patricia Smith, Executive Director
Business and Finance
FSM:cq
Attachment
SFS-A65-2015-2016