A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Meanwhile, that calculation, coupled with CalSTRS ’ treatment of the higher teacher contributions required by the funding law, have increased the school and community college district share from $47 billion to $58 billion.
https://lao.ca.gov/Publications/Report/3339

MOU Fiscal Analysis: Bargaining Unit 10 (Scientists)

Sep 9, 2015 - The administration estimates that allowing employees to cash out 60 additional hours in each of these years could increase the state ’s annual costs by more than $6 million (more than $1 million General Fund).
https://lao.ca.gov/Publications/Report/3297

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Sep 4, 2015 - The administration estimates that allowing employees to cash out 60 additional hours each year could increase the state ’s annual costs by more than $30 million ($1 million General Fund) for each of the three years of the agreement.
https://lao.ca.gov/Publications/Report/3296

The 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - Under these bills, the department will have five years to commit Proposition  1E funds and three additional years to spend the funds, after which time the authorization to use the funds will expire. Cap-and-Trade Additional Cap-and-Trade Expenditures Expected to Be Part of Future Legislation.
https://lao.ca.gov/Publications/Report/3278

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details]

Mar 4, 2014 - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details] Video Description: The Governor's budget proposes $24 billion to pay salary and benefit costs for state workers in 2014-15, up from an estimated $23.5 billion in the current year.
https://lao.ca.gov/Publications/Detail/2958

Funding CalSTRS [Publication Details]

Feb 19, 2014 - The state and school districts likely will bear the majority of these costs. The presentation discusses options the state's leaders may have in developing the plan to address this huge funding problem over the long term.
https://lao.ca.gov/Publications/Detail/2951

Addressing CalSTRS' Long-Term Funding Needs [Publication Details]

Mar 20, 2013 - Last year, the Legislature asked CalSTRS to submit a report detailing at least three options for addressing the unfunded liabilities of the pension system's Defined Benefit (DB) Program, which are now estimated by system actuaries to total about $70 billion.
https://lao.ca.gov/Publications/Detail/2710

After Furloughs: State Workers' Leave Balances [Publication Details]

Mar 14, 2013 - After Furloughs: State Workers' Leave Balances [Publication Details] Video Description: Over the past five budget years, furloughs reduced state employee compensation costs by about $5 billion in exchange for giving state employees additional time off.
https://lao.ca.gov/Publications/Detail/2702

Summary of State Collective Bargaining Agreements [Publication Details]

Aug 31, 2011 - This webcast and accompanying handout summarize the major provisions of the collective bargaining agreements that the Legislature ratified in 2010-11. During the first 12 months of these agreements, most employees receive lower total compensation and the state experiences net employee compensation savings.
https://lao.ca.gov/Publications/Detail/2512

MOU Fiscal Analysis: Bargaining Units 6 and 13 [Publication Details]

Apr 8, 2011 - We reviewed the proposed Memorandum of Understanding (MOU) for Bargaining Unit 6 (Correctional Peace Officers) and Unit 13 (Stationary Engineers). If adopted, the MOUs would result in increased state costs in the current year, savings in 2011-12, and costs thereafter. Overall, the MOUs would reduce state Bargaining Unit 6 and 13 employee compensation costs in 2011-12 by about 3.6 percent.
https://lao.ca.gov/Publications/Detail/2468