Unfunded liabilities grow, system says. Billions more of annual funding eventually needed.

Apr 1, 2011 - In 1992, unions and retiree groups led the effort to pass Proposition 162 , which limited the ability of the state and other public employers to interfere with actuarial and investment activities of public pension funds.
https://lao.ca.gov/Recommendations/Details/396

^[PDF] Raise Public Retirement Ages Act

BACKGROUND California Has Both Statewide and Local Public Pension Plans. The two largest entities managing state or local pension systems in California are the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS).
https://lao.ca.gov/ballot/2011/110522.pdf

^[PDF] Public Employee Pension Limitation Law

In the Long Run, Larger Pension Savings for State and Local Governments. A few decades after this measure’s passage, its pension limitations would apply to the major- ity of public employees. At that time, assuming the Legislature and the voters have taken no steps to lift the limits prescribed in this measure, this measure could produce a
https://lao.ca.gov/ballot/2009/090734.pdf

Public Pension and Retiree Health Benefits: An Initial Response to the Governor's Proposal [Publication Details]

Nov 8, 2011 - Despite the proposal’s strengths, it leaves many questions unanswered, such as how his hybrid plan and retirement age proposals would work and how the state should cope with large unfunded liabilities already affecting the California State Teachers’ Retirement System, the University of California Retirement Plan, and the health benefit program for state and California State University retirees.
https://lao.ca.gov/Publications/Detail/2537

^[PDF] Retirement benefits for state and local governmental employees in California (Amendment No.1).

Governmental Employee Pension Benefits State and Local Governments Sponsor “Defined Benefit” Plans for Their Employees. As part of employment, the state provides defined benefit pension plans for its employees and for those of public schools and community colleges.
https://lao.ca.gov/ballot/2015/150536.pdf

^[PDF] Voter Empowerment Act of 2016

Governmental Employee Pension Benefits State and Local Governments Sponsor “Defined Benefit” Retirement Plans for Their Employees. As part of employment, the state provides defined benefit retirement plans for its employees and for those of public schools and community colleges.
https://lao.ca.gov/ballot/2015/150362.pdf

Unfunded liabilities grow, system says. Billions more of annual funding eventually needed.

Apr 1, 2011 - In 1992, unions and retiree groups led the effort to pass Proposition 162 , which limited the ability of the state and other public employers to interfere with actuarial and investment activities of public pension funds.
https://lao.ca.gov/Recommendations/Details/395

Public Pension and Retiree Health Benefits: An Initial Response to the Governor's Proposal

The two largest entities managing state and local pension systems in the state are the California Public Employees ’ Retirement System (CalPERS) and the California State Teachers ’ Retirement System (CalSTRS).
https://lao.ca.gov/reports/2011/stadm/pension_proposal/pension_proposal_110811.aspx

^[PDF] The McCauley Pension Recovery Act

Surcharge on Resident Pension Income The proposal creates a new surcharge on pension taxable income in excess of $40,000. Unlike the current state definition of “taxable pension income,” pension taxable income un- der the measure is identical to “retirement income” as defined in federal law and includes all
https://lao.ca.gov/ballot/2010/100325.pdf

LAO 2008 Budget Analysis: CalPERS—Pension Contributions (1900/Control Section 3.60)

The PEBC report stated that the aggregate funded ratio for all public pension systems in the state was 89 percent. The commission relied on conventional pension statistics in compiling this data. In General, Sound Recommendations for Policy Makers.
https://lao.ca.gov/analysis_2008/general_govt/gen_anl08011.aspx