A Review of the CalSTRS Funding Plan: Background [Publication Details]

Feb 2, 2016 - This post is the first of a series looking at the implementation of the CalSTRS funding plan. In this post, we provide key background information on pensions and CalSTRS.
https://lao.ca.gov/Publications/Detail/3332

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts [Publication Details]

Feb 2, 2016 - This post is the third in a series looking at the implementation of the CalSTRS funding plan. In this post, we describe how the abstract calculation upon which the funding plan is based has increased the district share of CalSTRS’ unfunded liabilities while decreasing the state share.
https://lao.ca.gov/Publications/Detail/3334

MOU Fiscal Analysis: Bargaining Unit 10 (Scientists)

Sep 9, 2015 - Under the proposed agreement, the director would be able to designate nine additional employees as state titled scientists. The administration estimates this would increase annual state costs by as much as $48,500 ($17,600 General Fund) beginning in 2016-17.
https://lao.ca.gov/Publications/Report/3297

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Sep 4, 2015 - For example, the administration appears to have given no consideration to the degree to which the provisions create contractual obligations for the state to provide a certain level of health benefits to retired state employees.
https://lao.ca.gov/Publications/Report/3296

The 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - A budget trailer bill, in a related change, repeals the existing state law —found to be ineffective by various reviews —that required elimination of some state positions that are vacant for six consecutive months.
https://lao.ca.gov/Publications/Report/3278

The 2015-16 Budget: Health Benefits for Retired State Employees [Publication Details]

Mar 16, 2015 - The 2015-16 Budget: Health Benefits for Retired State Employees [Publication Details] Video Description: Health benefits for retired state employees constitute a large and growing cost for the State of California.
https://lao.ca.gov/Publications/Detail/3213

MOU Fiscal Analysis: Bargaining Unit 2 [Publication Details]

Aug 22, 2014 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 2 (Attorneys). Bargaining Unit 2 is represented by California Attorneys, Administrative Law Judges, and Hearing Officers in State Employment (CASE). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/3057

MOU Fiscal Analysis: Bargaining Unit 10 [Publication Details]

May 29, 2014 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 10 (Scientists). Bargaining Unit 10 is represented by the California Association of Professional Scientists. If adopted, the MOU would modestly increase state costs beginning in 2014-15.
https://lao.ca.gov/Publications/Detail/3024

MOU Fiscal Analysis: Bargaining Unit 13 [Publication Details]

May 19, 2014 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 13 (Stationary Engineers). Bargaining Unit 13 is represented by the International Union of Operating Engineers. If adopted, the MOU would modestly increase state costs beginning in 2014-15.
https://lao.ca.gov/Publications/Detail/3021

Addressing California's Key Liabilities [Publication Details]

May 7, 2014 - Due to its massive unfunded liability and relatively high growth rate, we recommend that the Legislature make a full funding plan for the California State Teachers' Retirement System a top priority in addressing the state's key liabilities.
https://lao.ca.gov/Publications/Detail/3011