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

Nov 8, 2011 - Despite the proposal’s strengths, it leaves many questions unanswered, such as how his hybrid plan and retirement age proposals would work and how the state should cope with large unfunded liabilities already affecting the California State Teachers’ Retirement System, the University of California Retirement Plan, and the health benefit program for state and California State University retirees.
https://lao.ca.gov/Publications/Detail/2537

K-12 Funding by Source [EdBudget]

May 21, 2020 - Excludes $5.3 billion deferred from 2020-21 to 2021-22. b Consist primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 Child Care programs, and operational expenses of the California Department of Education and other state agencies.
https://lao.ca.gov/Education/EdBudget/Details/388

^[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

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

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Sep 1, 2023 - The state ’s contribution would be adjusted to reflect changes in premiums in January of 2024, 2025, and 2026. Reduced Employee Pension Contributions to Align With PEPRA Standard. The Public Employees ’ Pension Reform Act (PEPRA) established a standard, but not a requirement, that employees and the state each contribute one-half of the normal cost to fund employee pension benefits.
https://lao.ca.gov/Publications/Report/4798

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

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - The payment would be considered compensation for purposes of determining employees ’ pension benefits. New Alternate Range for Custodians at Health Care Facilities. Effective the first day of the pay period six months following ratification, the minimum and maximum salaries of a new alternate range for custodian classifications will be established that is 10  percent above
https://lao.ca.gov/Publications/Report/4799

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

^[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