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

State sales tax and teacher compensation. [Ballot]

Oct 11, 2017 - Increased state costs of about $1  billion per year to cover higher teacher pensions. Potential state actions —such as lowering spending on other programs —to keep state spending from exceeding the state ’s constitutional limit.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-021

K-12 Funding by Source [EdBudget]

Jan 18, 2023 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, and non-Proposition 98 funding for the California State Preschool Program.
https://lao.ca.gov/Education/EdBudget/Details/700

^[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

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

^[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

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

^[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

^[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