ED2022-06 Contribution and interest rates and present value factor for fiscal year 2022–23
Supersedes employer directive 2021-05
June 15, 2022
This directive communicates the following rates and present value factors for the Defined Benefit (DB), Defined Benefit Supplement (DBS) and Cash Balance (CB) Benefit programs, as set forth in statute and as adopted by the Teachers’ Retirement Board (board):
Member and Employer Contribution Rates – DB, DBS and CB Benefit programs
Regular and Credited Interest Rates – DB Program
Minimum Interest Rate – CB Benefit Program and DBS Program
Penalties and Interest Rate – DB Program and CB Benefit Program
Permissive Service Credit Contribution Rate – DB Program
Employer Contribution Rates for Elected Officials of Employee Organizations and Reduced Workload Program
Present Value Factor for Unused Excess Sick Leave Service Credit
Please note the factors used to calculate the cost of CalSTRS Two-Year Retirement Incentives are included in a separate directive.
CalSTRS is fully committed to providing accessible facilities, elements and
channels of communication to all members of the public. As part of this commitment, CalSTRS
has a policy of providing an accessible website compatible with the Web Content Accessibility Guidelines (WCAG 2.1) and
commercial screen reading software. All features of the website are coded to allow individuals with vision and
other impairments to understand and use the website to the same degree as someone without disabilities. We welcome
feedback and can often resolve issues in a timely manner if they arise.
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Compliance Procedures and Reports
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