The 2020-21 Spending Plan: Pensions [Publication Details]

Oct 12, 2020 - The 2020-21 Spending Plan: Pensions [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4279

District Pension Contribution Rates and Amounts [EdBudget]

Mar 7, 2024 - District Pension Contribution Rates and Amounts [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Education/EdBudget/Details/831

Strengthening the CalSTRS Funding Plan [Publication Details]

Mar 10, 2021 - This report provides an overview of the 2014 California State Teachers’ Retirement System (CalSTRS) funding plan, and analyzes the various challenges and complexities of the plan that have come to light that may impede CalSTRS’ ability to successfully eliminate the system’s unfunded actuarial obligation (UAO) by 2046.
https://lao.ca.gov/Publications/Detail/4400

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Appendix Glossary of Key Terms Related to Pension Funds Throughout this report, we refer to terms commonly used when describing pension funds. We define those key terms here, in reference to the California State Teachers ’ Retirement System (CalSTRS).
https://lao.ca.gov/Publications/Report/4400

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - For example, major categories of cost shifts in the Governor’s budget include proposals to: defer one month of state employee payroll from June to July, which results in $1.6 billion in one‑time savings; redirect a $1.3 billion supplemental pension payment made under the requirements of Proposition 2 for actuarially required contributions to the California Public Employee Retirement System, and $1.2 billion in special fund loans.
https://lao.ca.gov/Publications/Report/4825

Funding for students attending private schools. [Ballot]

Nov 2, 2023 - Similar to the state, public schools also make pension contributions that include both of these components. (Most other public school employees also qualify for pensions when they retire, but the state does not help fund these pensions directly.)
https://lao.ca.gov/BallotAnalysis/Initiative/2023-026

MOU Fiscal Analysis: Bargaining Unit 19 (Health and Social Services/Professional)

Sep 1, 2023 - Other Major Provisions 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/4797

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Sep 7, 2023 - The Public Employees ’ Pension Reform Act 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. The actual rates paid by state employees varies and has been established through the collective bargaining process.
https://lao.ca.gov/Publications/Report/4801

The 2020-21 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 20, 2019 - Using one ‑time funding to pay down districts ’ pension liabilities more quickly would be particularly beneficial, as these payments would improve the funding status of the pension systems and likely reduce district costs on a sustained basis.
https://lao.ca.gov/Publications/Report/4113

The 2024-25 Budget: Insolvency Risks for Environmental and Transportation Special Funds

Feb 27, 2024 - (These payments are related to a 2017 ‑18 budget action that borrowed from the General Fund for a large one ‑time contribution to the state employee pension fund, requiring future repayment from all relevant funds that make employer pension contributions, including MVA.
https://lao.ca.gov/Publications/Report/4858