California Community Colleges Funding by Source [EdBudget]

Aug 17, 2020 - Under Section 8.28 of the 2020-21 Budget Act, up to $791 million of these deferrals will be rescinded if the state receives $14 billion or more in additional federal relief funds. The amount rescinded is proportionally reduced if the state receives more than $2 billion but less than $14 billion in additional federal relief funds. b Includes $303 million in
https://lao.ca.gov/Education/EdBudget/Details/409

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - (For budgetary purposes, the state only recognized the deferral in the General Fund, not other funds ’ statements.) Pension Deferral. The state makes quarterly payments to the California Public Employees ’ Retirement System (CalPERS) for pension contributions for state employees.
https://lao.ca.gov/Publications/Report/3988

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Aug 28, 2018 - Under the Public Employees ’ Pension Reform Act of 2012, employees hired after 2013 receive a lower pension benefit. However, regardless of date of hire, Unit 9 members contribute the same percentage of pay to fund their pension benefit (this is true for most state employees).
https://lao.ca.gov/Publications/Report/3880

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

2011 Initiative Analysis:Government Employee Pension Reform Act of 2012 (Amdt. #1S)

In addition, the state ’s Director of Finance —an official appointed by the Governor with the advice and consent of the State Senate —would serve as a voting member of any state or local pension system with total liabilities that exceed $5  billion.
https://lao.ca.gov/ballot/2011/110716.aspx

^[PDF] Government Employee Pension Reform Act of 2012 (Amdt. #1S

In addition, the state’s Director of Finance— an official appointed by the Governor with the advice and consent of the State Senate—would serve as a voting member of any state or local pension system with total liabilities that exceed $5 billion.
https://lao.ca.gov/ballot/2011/110716.pdf

2007 Initiative Analysis: The Public Employee Benefit Reform Act

Below, we discuss how the measure would affect state and local government costs for defined benefit pension and retiree health benefits, respectively. Pension Benefits Major Reductions in Pension Contributions.
https://lao.ca.gov/ballot/2007/070602.aspx

^[PDF] The Public Employee Benefit Reform Act

Below, we discuss how the measure would affect state and local government costs for defined benefit pension and retiree health benefits, respectively. Pension Benefits Major Reductions in Pension Contributions.
https://lao.ca.gov/ballot/2007/070602.pdf

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - In this section, we discuss four major state retirement liabilities. State Employees ’ Pensions.  Depending on their job, state employees earn pension benefits under one of five state pension plans (Miscellaneous, Industrial, Safety, Peace Officer/Firefighter, and Highway Patrol) administered by the California Public Employees ’ Retirement System (CalPERS).
https://lao.ca.gov/Publications/Report/3925

Pension benefit calculations for some public university employees. [Ballot]

Jul 8, 2015 - The measure may require the California Public Employees ’ Retirement System to adjust how it calculates “final compensation in the determination of any pension or benefit ” for most employees of the California State University and perhaps some employees of the University of California.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-031