2023 Employer and administrative directives

Employer directives convey legal requirements and prohibitions and document CalSTRS policy for school district and community college employers.

ED2023-03 Contribution and interest rates and present value factor for fiscal year 2023–2024

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).

ED2023-02 Fiscal year 2023–24 creditable compensation limit for CalSTRS 2% at 62 Defined Benefit Program members and Cash Balance Benefit Program participants subject to PEPRA, and reporting requirement for creditable compensation that exceeds the annual creditable compensation cap

The purpose of this employer directive is to inform employers of the 2023–24 fiscal year limit on creditable compensation for CalSTRS 2% at 62 Defined Benefit (DB) Program members and Cash Balance (CB) Benefit Program participants subject to the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and reporting requirements when reporting creditable compensation that is above the annual creditable compensation cap.

ED2023-01 Postretirement earnings limit and disability allowance earnings limit for the 2022–23 and 2023–24 fiscal years, and disability retirement earnings limit for the 2023 calendar year

This directive contains information for county superintendents of schools, school districts, charter schools, community college districts and any agency that employs retired members of the Defined Benefit Program or retired participants of the Cash Balance Benefit Program to perform retired member or participant activities or that employs CalSTRS members receiving either a Disability Allowance or a Disability Retirement benefit in any capacity.