Proposed $69 million cut directed at CSU is unjustified.

May 20, 2011 - Accordingly, when the state augments departments ’ budgets for higher personnel expenses (through Item 9800 of the budget) or for higher pension costs (through this control section), these augmented funds are not segregated in a specific account available just for employee or pension expenses.
https://lao.ca.gov/Recommendations/Details/423

Proposed $69 million cut directed at CSU is unjustified.

May 20, 2011 - Accordingly, when the state augments departments ’ budgets for higher personnel expenses (through Item 9800 of the budget) or for higher pension costs (through this control section), these augmented funds are not segregated in a specific account available just for employee or pension expenses.
https://lao.ca.gov/Recommendations/Details/425

2010 Initiative Analysis: Divestment of State Retirement Funds from Israel Act

Members of CalPERS and CalSTRS' pension systems now receive or, in the future, are eligible to receive defined pension benefits from one or both of the systems. Pension Financing and Investments. To fund the benefits, CalPERS and CalSTRS collect contributions from the state, other public employers, and/or public employees themselves.
https://lao.ca.gov/ballot/2010/100559.aspx

MOU Fiscal Analysis: Bargaining Unit 18 (Psychiatric Technicians)

Jan 9, 2020 - For both pensions and retiree health benefits, the state ’s policy generally is that employees and the state each contribute one-half of the normal cost to prefund the benefit and the state takes full responsibility of any unfunded liabilities.
https://lao.ca.gov/Publications/Report/4134

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

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Video] To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 2014-15 Budget: State Worker Salary,
https://lao.ca.gov/Videos/Player?playlistId=70

The 2024-25 Budget: California's Fiscal Outlook [Publication Details]

Dec 7, 2023 - Each year, our office publishes the Fiscal Outlook in anticipation of the upcoming budget season. The goal of this report is to give the Legislature our independent estimates and analysis of the state’s budget condition as lawmakers begin planning the 2024-25 budget.
https://lao.ca.gov/Publications/Detail/4819

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - These options, however, tend to be disruptive for school operations, particularly when the state announces them on short notice. In addition, the state ’s options for reductions in 2022 ‑23 are relatively limited because the state has allocated most of the funding attributable to the prior year already.
https://lao.ca.gov/Publications/Report/4819

^[PDF] California Public Divest From Israel Act

Summary of Fiscal Effect This measure would result in the following fiscal effect:  Assuming that provisions of the State Constitution or other factors result in pension systems divesting only a limited portion of their Israeli-related investments, there probably would be little or no change in state and local government pension contributions.
https://lao.ca.gov/ballot/2010/100067.pdf

Perspectives on the CalSTRS funding scenarios discussed at the March 19, 2014 joint hearing.

Mar 19, 2014 - (Unfunded liabilities are a discounted actuarial estimate of the cost of pension benefits already earned by current and past workers that are not funded by pension sy stem assets on hand.) Below, we highlight some key points about CalSTRS ' presentation.
https://lao.ca.gov/Recommendations/Details/800

Volatility of the Personal Income Tax Base

Feb 8, 2017 - In addition, under federal and state tax laws, essentially none of the items classified as employer ‑paid benefits are taxable at the time the contribution is made. For example, California does not tax pension contributions when they are made but rather taxes pension income employees receive in retirement.
https://lao.ca.gov/Publications/Report/3548