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

Funding for students attending private schools and homeschool. [Ballot]

Sep 27, 2021 - Similar to the state, public schools also make pension contributions that include both of these components. (Most other public school employees also qualify for pensions when they retire, but the state does not fund t hese pensions directly.)
https://lao.ca.gov/BallotAnalysis/Initiative/2021-006

2009 Initiative Analysis: Public Employee Pension Limitation Law

Currently, California governments contribute about $13  billion per year to the state's public retirement systems for pension benefits, including several billion dollars per year to retire existing unfunded pension liabilities.
https://lao.ca.gov/ballot/2009/090734.aspx

2010 Initiative Analysis: The McCauley Pension Recovery Act

This estimate should be interpreted with caution, as data on the life expectancy of people with vested pensions who leave the state were not available. Also, taxpayers would have an incentive to leave the state before the date of enactment to avoid being counted as a resident of the state on that date.
https://lao.ca.gov/ballot/2010/100155.aspx

^[PDF] Public Employee Retirement

This initiative proposes amendments to Section 17 of Article XVI of the State Constitution, which governs these systems. Background Public Employee Pension Benefits. State law authorizes establishment of systems to provide pension and other benefits to retired state and local employees and survivors and beneficiaries of certain other public employees.
https://lao.ca.gov/ballot/2011/110493.pdf

2009 Initiative Analysis: The McCauley Pension Recovery Act

Under the proposal, the state would levy an excise tax of 35  percent. Fair market value is defined as the amount of pension benefits above $50,000 that the taxpayer's vested pension benefits would provide on average over the individual's remaining life expectancy, as determined by the state Franchise Tax Board (FTB).
https://lao.ca.gov/ballot/2009/090203.aspx

2013 Initiative Analysis: The Pension Reform Act of 2014

Government 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/2013/130690.aspx

The 2020-21 Budget: Proposition 2 Debt Payment Proposals [Publication Details]

Mar 10, 2020 - This represents a key and unique opportunity for the state. The Governor offers one strategy to prioritize these funds over the next few years. Notably, the Governor focuses on the state’s share of the unfunded liability for teachers’ pensions.
https://lao.ca.gov/Publications/Detail/4196

2011 Initiative Analysis:Raise Public Retirement Ages Act

The pensions of CalPERS members also are established in state law —generally, in the state's Government Code —with some aspects of state or local employee pensions delineated in memoranda of understanding (MOUs) or labor contracts with unionized public employees' bargaining units.
https://lao.ca.gov/ballot/2011/110522.aspx

^[PDF] The Pension Reform Act of 2014

The Pension Reform Act of 2014 Pursuant to Elections Code Section 9005, we have reviewed a constitutional initiative related to pensions for state and local governmental employees in California (A.G.
https://lao.ca.gov/ballot/2013/130690.pdf