Districts' Pension Contribution Rates and Amounts [EdBudget]

Jan 27, 2022 - Districts' Pension Contribution Rates and Amounts [EdBudget]     a Rate projections for 2022-23 through 2024-25 are current budgeting estimates from CalSTRS and CalPERS and take into account 2020-21 investment returns.
https://lao.ca.gov/Education/EdBudget/Details/596

^[PDF] Savings Plus Program: An Optional Retirement Benefit for State Employees

To the extent that the state shifts higher pension costs onto state employees, employees likely will save less money in SPP. Certain Factors Affect Employee Retirement Security Provided by Pension. A number of factors affect how much of final salary is replaced by the state’s defined benefit pension to retired state employees.
https://lao.ca.gov/reports/2017/3616/savings-plus-031417.pdf

Contributions to the Judges' Retirement System (JRS) II.

May 20, 2010 - (As noted in our separate analysis covering the rest of Control Section 3.60, the CalPERS board delayed action on setting other most state pension contribution rates for 2010-11.) Reasons for the JRS II Rate Increase.
https://lao.ca.gov/Recommendations/Details/220

Update: Tech Company Equity Pay Driving Withholding in 2024 [EconTax Blog]

Nov 20, 2024 - Overall state income tax withholding from equity pay at California technology companies could make up 10 percent of total income tax withholding  this year. (These figures are based on our office 's analysis of recent financial reports, including assumptions about what share of their workforce resides in California and the distribution of withholding between state and federal governments.)
https://lao.ca.gov/LAOEconTax/Article/Detail/815

Update: Tech Company Equity Pay Driving Withholding in 2024 [EconTax Blog]

Nov 20, 2024 - Overall state income tax withholding from equity pay at California technology companies could make up 10 percent of total income tax withholding  this year. (These figures are based on our office 's analysis of recent financial reports, including assumptions about what share of their workforce resides in California and the distribution of withholding between state and federal governments.)
https://lao.ca.gov/LAOEconTax/article/Detail/815

^[PDF] The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal

This pension program is known as Judges’ Retirement System I (JRS I). The state essentially pays JRS I benefits on a pay-as-you-go basis because the state has less than 2 percent of the assets needed for pension benefits earned by these judges to date.
https://lao.ca.gov/reports/2016/3363/prop2-debt-proposal-022416.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] The 2020‑21 Budget: Proposition 2 Debt Payment Proposals

State and CSU Employee Pensions The California Public Employees’ Retirement System (CalPERS) administers pension benefits for state employees, state judges, certain elected state officials, and employees of local governments that contract with CalPERS (and their beneficiaries).
https://lao.ca.gov/reports/2020/4196/prop2-debt-payment-031020.pdf

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

2015-16 expected state costs up slightly compared to January estimate.

Apr 15, 2015 - The state, teachers, and school and community college districts make contributions to CalSTRS to fund pension benefits for teachers. The state ’s contribution to CalSTRS is based on teacher payroll measured on a two-year lag.
https://lao.ca.gov/Recommendations/Details/840