EIC20-6 Volume 36 Issue 6
Effects of Reduction in School Funds
Supersedes Employer Information Circular Volume 25: Issue 3
While there is no state mandate to reduce school funds in the 2020-21 state budget, CalSTRS recognizes that some schools may be experiencing other reductions in school funds. Due to budget constraints, some school districts may be considering furloughs, salary reductions and retirement incentives. The following is information about the potential impact of furloughs, salary reductions and retirements to employers and CalSTRS members.
Employer Information Circulars [EIC] are sent to school district and community college employers as informal guidance that provides immediate information on a single topic.
For an accessible version of this circular, contact ADACoordinator@CalSTRS.com.