MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientists)

Aug 28, 2018 - Unlike a Special Salary Adjustment that would adjust the salary range for affected classifications, this pay differential would not affect employees ’ pension benefits. Increased Employee Pension Contribution.
https://lao.ca.gov/Publications/Report/3881

Districts' Pension Contribution Rates and Amounts [EdBudget]

Aug 16, 2019 - Districts' Pension Contribution Rates and Amounts [EdBudget] a Share of CalSTRS contributions from community colleges based on CalSTRS creditable 2017-18 compensation report. CalSTRS = California State Teachers' Retirement System.
https://lao.ca.gov/Education/EdBudget/Details/280

^[PDF] Addressing California's Key Liabilities

The California State Teachers’ Retirement System (CalSTRS), another state entity, administers pension benefits and other retirement programs for teachers and school administrative personnel. The University of California (UC) administers pension and retiree health programs for UC employees.
https://lao.ca.gov/reports/2014/finance/liabilities/addressing-california-key-liabilities-050714.pdf

Changes to Districts' Contribution Rates [EdBudget]

Aug 24, 2020 - For 2019-20, 2020-21, and 2021-22, employers' rates are offset by contributions from the state on their behalf, resulting in lower effective contribution rates compared to actual rates received by the pension systems.
https://lao.ca.gov/Education/EdBudget/Details/437

Districts' Pension Contribution Rates and Amounts [EdBudget]

Mar 4, 2021 - Districts' Pension Contribution Rates and Amounts [EdBudget]     a Projected rates for 2021-22 through 2024-25 are based on actuarial assumptions and experience through June 30, 2019. Final rates for those years will vary based on actual experience (including actuarial losses in 2019-20) and other factors.
https://lao.ca.gov/Education/EdBudget/Details/493

^[PDF] The UC Retirement Board of Trustees

The State Constitution gives the Regents substantial inde- pendence from the Legislature, Governor, and other state officials in the administration of the university. Among the areas in which the Regents have independence is the ad- ministration of employee benefit programs, such as pension and health programs bene- fiting retired UC employees, their families, and survivors.
https://lao.ca.gov/ballot/2008/080784.pdf

Cal Facts: 2016

Dec 5, 2016 - These plans include paying down pension unfunded liabilities and making regularly scheduled payments on infrastructure bond debt service. Legislation passed in 2014 aims to fully fund the teacher pension system (CalSTRS).
https://lao.ca.gov/Publications/Report/3511/1

^[PDF] Equal Applicability of Law Act of 2012

Constitution and the State Constitution each contain a “contract clause.” The contract clauses limit the power of the state to modify its own contracts with other parties. Accordingly, the ability of public entities to modify pension benefits for current or past employees is limited.
https://lao.ca.gov/ballot/2011/110581.pdf

2011 Initiative Analysis:Equal Applicability of Law Act of 2012

Constitution and the State Constitution each contain a “contract clause. ” The contract clauses limit the power of the state to modify its own contracts with other parties. Accordingly, the ability of public entities to modify pension benefits for current or past employees is limited.
https://lao.ca.gov/ballot/2011/110581.aspx

^[PDF] Addressing CalSTRS' Long-Term Funding Needs

For many decades, CalSTRS has administered its main pension program, which (1) receives contributions from members, school and community college districts, and the state; (2) invests those contributions; and (3) uses its assets to provide a specifi c monthly pension benefi t to retirees and their benefi ciaries.
https://lao.ca.gov/handouts/state_admin/2013/CalSTRS-Funding-032013.pdf