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Updates

CalSTRS Employee Contributions Effective July 1, 2017

Classic Members 2% @ 60:   10.25% 

PEPRA Members 2% @ 62:   9.205%

 

CalSTRS Employer Contributions Effective July 1, 2017

14.43%

 

CalSTRS 2017-18 Earnings Limitation

2017-18 Fiscal-Year Limit  =  $43,755
July 1, 2017 - June 30, 2018

 

CalPERS Employee Contributions Effective July 1, 2017

Classic Members:   7.0%

PEPRA Members:    6.5%

 

CalPERS Employer Contributions Effective July 1, 2017

15.531%

CalPERS 2017-18 Earnings Limitation (updated 04/15)

2017-18 Fiscal-Year Limit  =  940 hours or less in a fiscal year
July 1, 2017 - June 30, 2018

 

New Sales Tax rate effective October 1, 2017

9.50%.

 

New Federal Mileage Rate Effective January 1, 2018

Effective January 1, 2018, the standard business mileage reimbursement rate is 54.5 cents per mile. Mileage reimbursements incurred on or after January 1, 2018, are eligible for the new rate.

 

New Minimum Wage Effective January 1, 2018

$11.00 per hour