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July 2019
State Payments Made on Behalf of School and Community College Districts
Payments Toward Districts' Retirement Liabilities Pursuant to 2019-20 Budget Package (In Millions)
Supplemental Payments | Supplanting Payments | |||
2018-19 | 2019-20 | 2020-21 | ||
CalSTRS | $1,640 | $356 | 250 | |
CalPERS | 660 | 144 | 100 | |
Total | $2,300 | $500 | $350 | |
CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System. |