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[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

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Aug 17, 2020 - Under Section 8.28 of the 2020-21 Budget Act, up to $791 million of these deferrals will be rescinded if the state receives $14 billion or more in additional federal relief funds. The amount rescinded is proportionally reduced if the state receives more than $2 billion but less than $14 billion in additional federal relief funds.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

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

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

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

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