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[PDF] The Costa-Matteoli Pension Solvency Act

The Costa-Matteoli Pension Solvency Act We have reviewed the proposed initiative measure that concerns state and local retirement plans and establishes a new state entity to administer defined pension benefits for non- governmental employees in California (A.G.
https://lao.ca.gov/ballot/2011/110534.pdf

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details]

Mar 26, 2019 - While the state has already addressed many of its outstanding deferrals, there are still three major categories of deferrals remaining. These are related to: (1) state employee payroll, (2) pension payments, and (3) Medi-Cal payments.
https://lao.ca.gov/Publications/Detail/3988

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

We observe, however, that it will be very diffi cult for pension systems across the state to enforce this provision if it is indeed applied to limit a public retiree’s work for any state or local employer in the state.
https://lao.ca.gov/reports/2011/stadm/pension_proposal/pension_proposal_110811.pdf

[PDF] Examining Statewide Pension Benefit Policy for Elected Officials

Defi ned benefi t pension and other retirement benefi ts for California’s state and local elected offi cials vary considerably.  Voters Ended State Pension Benefi ts for State Legislators. Proposition 140 (1990) prohibits accrual of state retirement benefi ts by Members of the Legislature fi rst elected on or after November 7, 1990.
https://lao.ca.gov/handouts/state_admin/2012/Pension_Benefit_Policy_4_13_12.pdf

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

[PDF] New Public Employees Benefits Reform Act (version 2)

Average retirement ages in other public pension systems in California are about the same as those listed in Figure 1. Figure 1 Average Retirement Ages for Selected Public Employee Groups Age California Public Employees' Retirement System California Highway Patrol Officers 54 Local public safety officers 54 State correctional officers and firefighters 59 Other
https://lao.ca.gov/ballot/2009/090726.pdf

[PDF] New Public Employees Benefits Reform Act (version 1)

Average retirement ages in other public pension systems in California are about the same as those listed in Figure 1. Figure 1 Average Retirement Ages for Selected Public Employee Groups Age California Public Employees' Retirement System California Highway Patrol Officers 54 Local public safety officers 54 State correctional officers and firefighters 59 Other
https://lao.ca.gov/ballot/2009/090725.pdf

2011 Initiative Analysis:

2011 Initiative Analysis: About the LAO August 29, 2011 We have reviewed the proposed initiative measure that concerns state and local retirement plans and establishes a new state entity to administer defined pension benefits for non-governmental employees in California (A.G.
https://lao.ca.gov/ballot/2011/110534.aspx

2009 Initiative Analysis: New Public Employees Benefits Reform Act (version 2)

For certain California public pension plans, courts have found that public employers have a contractual obligation—protected under both the U.S. and State Constitutions—to current or past employees to contribute funds sufficient to preserve an actuarially sound pension plan.
https://lao.ca.gov/ballot/2009/090726.aspx

2009 Initiative Analysis: New Public Employees Benefits Reform Act (version 1)

For certain California public pension plans, courts have found that public employers have a contractual obligation—protected under both the U.S. and State Constitutions—to current or past employees to contribute funds sufficient to preserve an actuarially sound pension plan.
https://lao.ca.gov/ballot/2009/090725.aspx