Employer Directive

ED15-02 Interest and Contribution Rates and Present Value Factor for Fiscal Year 2015-16
(Supersedes Employer Directive 2014-06)

The purpose of this directive is to communicate the following rates and present value factors for the Defined Benefit, Defined Benefit Supplement, and Cash Balance Benefit programs, as set forth by the Legislature and as adopted by the Teachers’ Retirement Board.

Employer Directives [ED] convey legal requirements and prohibitions and document CalSTRS policy for school district and community college employers.

Commands