MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientists)

Aug 28, 2018 - Unlike a Special Salary Adjustment that would adjust the salary range for affected classifications, this pay differential would not affect employees ’ pension benefits. Increased Employee Pension Contribution.
https://lao.ca.gov/Publications/Report/3881

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Rising Pension Costs Contribution Rates Expected to Grow. In recent years, CalPERS has changed a number of actuarial assumption it uses to determine employer contributions to the pension system. These assumption changes combined with investment losses have resulted in the state ’s contribution rate for employee pension benefits to increase significantly over the past decade.
https://lao.ca.gov/Publications/Report/3847

The 2018-19 Budget: Meeting Workforce Demand for Certified Nursing Assistants in Skilled Nursing Facilities

Apr 27, 2018 - State law charges DPH with reviewing applications from individuals seeking CNA certification. State law also charges DPH with approving and overseeing CNA training programs. This process includes reviewing training providers ’ proposed lesson plans and ensuring that instructors meet the state ’s minimum qualifications.
https://lao.ca.gov/Publications/Report/3815

The 2018-19 Budget: Statewide Prison to Employment Initiative

Mar 12, 2018 - In addition to distributing federal funds, the State Board also sets statewide workforce development policy. This policy is reflected in California ’s state workforce plan , which the State Board is required to prepare every five years.
https://lao.ca.gov/Publications/Report/3781

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - The state sought a court ruling validating the legality of the proposed pension obligation bond. The courts ruled against the state, concluding the proposed pension obligation bonds violated the constitutional debt limit.
https://lao.ca.gov/Publications/Report/3673

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details]

May 16, 2017 - The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details] The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal Format: HTML Description: As part of his May Revision, the Governor proposes the state borrow $6 billion from the Pooled Money Investment Account (PMIA) to make a one-time payment to reduce state pension liabilities at CalPERS.
https://lao.ca.gov/Publications/Detail/3673

CalSTRS Funding: An Update

May 5, 2017 - Generally, the calculation estimates what CalSTRS ’ unfunded liabilities would be if (1) the state had not granted teachers more generous pensions in the late 1990s and (2) state and teacher contributions to CalSTRS ’ main pension fund had not been decreased when CalSTRS was fully funded around 2000.
https://lao.ca.gov/Publications/Report/3662

CalSTRS Funding: An Update [Publication Details]

May 5, 2017 - The CalSTRS board recently acted to change assumptions used to estimate its unfunded liabilities, including the key assumption about future investment returns--sometimes referred to as the "discount rate." These and other recent developments have eroded CalSTRS' funding situation.
https://lao.ca.gov/Publications/Detail/3662

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Mar 14, 2017 - These pay differentials increase state costs for Medicare; however, they do not affect state costs for pension or Social Security benefits. These employees ’ pay in 2019-20 would be between 17  percent and 26  percent higher than current levels.
https://lao.ca.gov/Publications/Report/3617

Savings Plus Program: An Optional Retirement Benefit for State Employees [Publication Details]

Mar 14, 2017 - Savings Plus Program: An Optional Retirement Benefit for State Employees [Publication Details] Savings Plus Program: An Optional Retirement Benefit for State Employees Format: HTML Description: This report examines the Savings Plus Program (the state's optional retirement savings plan for state employees).
https://lao.ca.gov/Publications/Detail/3616