Calstrs cost of living increase 2021
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CalSTRS 2021-2022 Employer Obligation Rate: 16.92% • CalPERS 2021-2022 Employer Obligation Rate: 22.91% Minimum Wage The Fair Wage Act of 2016 was passed that will increase the minimum wage per hour over the next four years starting at $10.50 effective January 1, 2017, then increasing $11 starting January 1, 2018.
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Mar 01, 2022 · This will be the largest cost-of-living increase for beneficiaries in the past 32 years, dating to 1990. While the Bureau of Labor Statistics has estimated the Consumer Price Index to have increased by 7% over 2021, CalPERS is not using the 7% to calculate its increased payments.Instead, it uses an average of each month's numbers.. "/>.