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ED2022-05 2022-23 PEPRA compensation cap and reporting requirements

Supersedes the following employer directives and employer information circulars:

Employer Directive 2014-04 (May 5, 2014)

Employer Information Circular Volume 30, Issue 3 (April 16, 2014)

Employer Information Circular Volume 31, Issue 2 (April 17, 2015)

Employer Information Circular Volume 32, Issue 4 (May 11, 2016)

Employer Information Circular Volume 33, Issue 4 (April 11, 2017)

Employer Information Circular Volume 34, Issue 4 (June 25, 2018)

Employer Information Circular Volume 35, Issue 2 (June 6, 2019)

Employer Information Circular Volume 36, Issue 5 (June 10, 2020)

Employer Information Circular Volume 37, Issue 2 (May 3, 2021)

April 28, 2022

The purpose of this employer directive is to inform employers of the 2022–23 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.

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