A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility” [Publication Details]

Feb 2, 2016 - This post is the sixth in a series looking at the implementation of the CalSTRS funding plan. In this post, we describe how the plan might fall short of meeting the principle of “shared responsibility,” a key goal of the Legislature in passing the plan. Specifically, we explain how the state may not incur higher costs under the funding plan.
https://lao.ca.gov/Publications/Detail/3337

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

Feb 2, 2016 - Specifically, the calculation estimates what CalSTRS’ unfunded liabilities would be now if (1) teachers earned less generous pension benefits and (2) the state and teachers had contributed more to CalSTRS’ main pension fund.
https://lao.ca.gov/Publications/Report/3334

A Review of the CalSTRS Funding Plan: Recent Policy Change Increases District Rates

Feb 2, 2016 - Having identified this problem, CalSTRS amended its policy in November 2015 to require increases in the district contribution when state contributions are insufficient to pay for the state share of unfunded liabilities.
https://lao.ca.gov/Publications/Report/3338

A Review of the CalSTRS Funding Plan: Treatment of Teacher Contributions Also Increase District Unfunded Liabilities

Feb 2, 2016 - When the Legislature passed the CalSTRS funding plan, administration documents characterized the cost sharing as follows: districts would pay $47 billion, the state would pay $20 billion, and teachers would pay $8 billion.
https://lao.ca.gov/Publications/Report/3335

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - The policy employs an abstract calculation that estimates what CalSTRS ’ unfunded liabilities would be today had the state ’s elected leaders made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3339

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

Evaluation of the School District of Choice Program

Jan 27, 2016 - The state allows these districts to keep this additional revenue and treat it like other general purpose funding. These districts are known as basic aid districts (a term derived from a requirement in the State Constitution that all school districts receive a minimum level of state funding equal to $120 per student).
https://lao.ca.gov/Publications/Report/3331

January EdBudget Tables (2016)

Jan 14, 2016 - January EdBudget Tables (2016) 18,978 4% a Reflects actuals for all stages of CalWORKs, DOF estimates for Migrant child care and Care for Children With Severe Disabilities, CDE estimates for Transitional Kindergarten, and LAO estimates for all other programs. b Reflects DSS estimates for CalWORKs Stage 1; DOF estimates for CalWORKs Stage 2 and 3, Migrant child care, and Care for Children With
https://lao.ca.gov/Publications/Report/3326

Final EdBudget Tables (2015)

Oct 19, 2015 - Required actions (1) The UC Regents are required to consider state employee compensation when considering compensation for employees in its “Senior Management Group. ” At a minimum, the UC Regents are required to consider comparable positions designated as “state officers ” (such as the Governor, Superintendent of Public Instruction, and a Member of the
https://lao.ca.gov/Publications/Report/3299