^[PDF] Overview of Local Control Funding Formula and K-12 Pension Costs

In particular, we anticipate some prior- and current-year funds allocated to State Preschool and other programs will not be spent and could be repurposed. Proposed LCFF Deferral 4L E G I S L A T I V E A N A L Y S T ’ S O F F I C E March 7, 2017  State Approved Plan in 2014-15 to Address Unfunded Liability in Teacher Pension System  Intended to eliminate the unfunded liability within about 30 years.
https://lao.ca.gov/handouts/education/2017/Overview-LCFF-and-K-12-Pension-Costs-030717.pdf

Need to determine contractual parameters for "financially sound" funding plan

May 17, 2013 - In the Overview, we stated: "We believe the next step for the Legislature should be asking the CalSTRS board directly what a funding plan would have to look like--in its view and that of its actuaries--to ful fill the contractual commitment provided to teachers for a financially sound pension plan.
https://lao.ca.gov/Recommendations/Details/756

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - We estimate that the state ’s total contributions towards employee health premiums in 2023-24 is about $3  billion. Pension. The state pays a percentage of state employee salaries to fund pension benefits.
https://lao.ca.gov/Publications/Report/4814

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473

^[PDF] Various Employee Compensation and Retirement Agenda Items

Legislative action to approve proposed MOUs may lower state pension contributions below this level.  2010-11 Growth Due to Furloughs Ending and Increased Rates. Data provided by CalPERS suggest that actual state pension contributions attributable to 2009-10 will total $2.9 billion ($1.6 billion General Fund).
https://lao.ca.gov/handouts/Conf_Comm/2010/Various_6_24_10.pdf

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs

Pension Benefits. Most state workers are enrolled in defined benefit pension plans administered by CalPERS. Pensions provide state workers with a specified benefit for life upon retirement. Retirees ’ pensions are based on their final salary levels near the end of their careers, the number of
https://lao.ca.gov/reports/2014/budget/state-compensation/state-compensation-030414.aspx

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - The agreement specifies that, at the state ’s discretion, unused VPLP credits can be cashed out. Make Night Shift Pay Differentiable Included in Calculation of Pension Benefit. Under the current agreement, pay differentials received for working night shifts are not included when calculating employee pension benefits.
https://lao.ca.gov/Publications/Report/4617

^[PDF] Fair and Proportional Retirement for Public Officials Act of 2012

This measure would have the following major fiscal effects on the state and local governments:  Possible reductions in state and local pension and retiree health costs. The magnitude of the savings would depend on a variety of legal and implementation uncertainties and would be offset to an unknown extent by increases in other state and local employee compensation costs.
https://lao.ca.gov/ballot/2011/110577.pdf

2011 Initiative Analysis:Fair and Proportional Retirement for Public Officials Act of 2012

The proposal does not specify whether it seeks to amend the State Constitution, statutes, or both. Background Some Elected Officials Are Members of a Public Pension System. Some elected public officials are members of one or more of California ’s public pension systems, and some may be eligible for retiree health benefits.
https://lao.ca.gov/ballot/2011/110577.aspx

^[PDF] MOU 5, 8, 12, 16, 18, 19

The total employee pension contributions would be about 10 percent of pay. The added employee pension contributions would be expected to offset pension contribu- tions that otherwise would have to be made by the state.
https://lao.ca.gov/reports\2010\MOU_Fiscal\MOU_Analysis_07142010.pdf