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Updates

CalSTRS Employee Contributions Effective July 1, 2019

Classic Members 2% @ 60:   10.25% 

PEPRA Members 2% @ 62:   10.205%

 

CalSTRS Employer Contributions Effective July 1, 2021

16.92%

 

CalSTRS 2020-21 Earnings Limitation

2020-21 Fiscal-Year Limit  =  $47,713
July 1, 2020 - June 30, 2021

 

CalPERS Employee Contributions Effective July 1, 2019

Classic Members:   7.0%

PEPRA Members:    7.0%

 

CalPERS Employer Contributions Effective July 1, 2020

20.70%

CalPERS 2019-20 Earnings Limitation 

2019-20 Fiscal-Year Limit  =  960 hours or less in a fiscal year
July 1, 2019 - June 30, 2020

 

Sales Tax rate effective APRIL 1, 2019

10.25%.

 

Federal Mileage Rate Effective January 1, 2020

Effective January 1, 2020, the standard business mileage reimbursement rate is 57.5 cents per mile. Mileage reimbursements incurred on or after January 1, 2020, are eligible for the new rate.

 

Minimum Wage Effective January 1, 2021

$14.00 per hour