EIC19-2 Volume 35 Issue 2
Fiscal Year 2019-20 Creditable Compensation Limit For Defined Benefit CalSTRS 2% At 62 Members And Cash Balance Participants Subject To PEPRA
The purpose of this circular is to inform employers of the 2019-20 fiscal year limit on creditable compensation for CalSTRS 2% at 62 Defined Benefit Program members and Cash Balance Benefit Program participants subject to the California Public Employees’ Pension Reform Act of 2013 (PEPRA).
The creditable compensation limit applies to compensation creditable to the Defined Benefit, Defined Benefit Supplement and Cash Balance Benefit programs.
Employer Information Circulars [EIC] are sent to school district and community college employers as informal guidance that provides immediate information on a single topic.