Unlike the optional 403(b)/457(b) retirement plans, CalPERS is the California Public Employees' Retirement System that manages pension benefits to classified employees. If you are a classified employee or have worked 1,000 hours (within one school year), you automatically become a member of CalPERS
www.calpers.ca.gov - CalPERS website
www.mycalpers.ca.gov - Access your personal CalPERS benefits
CalPers Contribution Rates | |||||||||||
CalPERS | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 |
Classic (2% at 60) Employee Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
PEPRA (New Member) 2% at 62 Employee Rate | 6.00% | 6.00% | 6.50% | 7.00% | 7.00% | 7.00% | 7.00% | 8.00% | 8.00% | 8.00% | 8.00% |
District Contribution Rate (Employer) | 11.85% | 13.89% | 15.53% | 18.06% | 19.72% | 20.70% | 22.84% | 25.37% | 26.68% | 27.05% | 26.81% |