ED99-05 Addendum Issued 7-19-99 Contribution and Interest Rates for 1999/2000
County Superintendents of Schools
District Superintendents of Schools
Community College Districts and
Other Employing Agencies
Addendum to Employer Directive 99-05
Contribution and Interest Rates for 1999/2000
The purpose of this addendum is to inform employers of the Employer Contribution Rate for Elected Officer of Employee Organization that was adopted by the California State Teachers’ Retirement Board for fiscal year beginning July 1, 1999, and ending June 30, 2000.
This directive applies to all county superintendents of schools, school districts, community college districts and other agencies that employ persons to perform creditable service under the California State Teachers’ Retirement System (CalSTRS) Defined Benefit Program.
Each employer must contribute to CalSTRS a specified percentage of total creditable compensation earned by the employees who are members of the Defined Benefit Program and who are on a compensated leave of absence to serve as an elected officer of an employee organization during the new fiscal year. The percentage rate is as follows:
|Rate for FY 1999-2000||Education Code Section|
|Employer Contribution Rate- Elected Officer of Employee Organization||8.25%||22711|
Please refer questions concerning the Employer Contribution Rate for Elected Officer of Employee Organization to your CalSTRS Membership Division Reporting Technician.
JAMES D. MOSMAN
Chief Executive Officer
Employer Directives [ED] convey legal requirements and prohibitions and document CalSTRS policy for school district and community college employers.