This directive notifies employers of employee rights and employer requirements under the federal Uniformed Services Employment and Reemployment Rights Act of 1994.

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).

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.

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.