K thru 12 Education
6300 Teachers Retirement System Contributions

The state General Fund makes annual payments to the California State Teachers' Retirement System (CalSTRS) in order to reduce the retirement contribution burden on members and school districts.

Effective July 1, 2003, the annual General Fund contribution to the CalSTRS is based on 2.017 percent of the members' creditable earnings of the fiscal year ending in the immediately preceding calendar year. Current law also provides for an additional state contribution when the State Teachers' Retirement Fund has a normal cost deficit or unfunded obligation for benefits in place on July 1, 1990. This contribution is 0. More.....

EXPENDITURES Back to Top
The following table presents proposed and revised budget year expenditures for this Department.
Expenditures January '08
Proposed*		 May '08
Revised* 		Change* % Change
Totals Expenditures (excluding Infrastructure)
$1,199,463
$1,133,077
-$66,386
-5.53%
    Infrastructure
-
-
-
-
Totals, All Expenditures
$1,199,463
$1,133,077
-$66,386
-5.53%

POSITIONS Back to Top
The following table presents proposed and revised budget year positions for this Department.
Positions January '08
Proposed		 May '08
Revised 		Change % Change
Totals, Positions - - - -

DETAILED EXPENDITURES BY STATE FUNDS Back to Top
The following table presents proposed and revised state fund expenditure amounts for the budget year by General Fund, special funds, and selected bond funds.
Expenditures January '08
Proposed*		 May '08
Revised* 		Change* % Change
General Fund
$1,199,463
$1,133,077
-$66,386
-5.53%
Special Funds
-
-
-
-
Selected Bond Funds
-
-
-
-
Totals, State Funds
$1,199,463
$1,133,077
-$66,386
-5.53%

ADDITIONAL INFORMATION Back to Top
Proposed Budget Detail - Teachers Retirement System Contributions (January 2008)
Displays Proposed Budget Detail information for Teachers Retirement System Contributions.