Trends in Higher Education: Student Access

Jan 23, 2024 - California's Higher Education System California ’s public higher education sector consists of the California Community Colleges (CCC), California State University (CSU), and University of California (UC).
https://lao.ca.gov/Publications/Report/4828

LAO 2004 Budget Analysis: Capital Outlay Overview

In 2005-06, the state would also incur $56  million in debt-service costs related to the budget's proposed pension obligation bond sale. Debt-Service Ratio to Rise In evaluating a state's capacity for bonded indebtedness and the impact of debt-service costs on its budget, one of the many factors that bond raters and potential investors look at is the state's debt-service ratio (DSR).
https://lao.ca.gov/analysis_2004/cap_outlay/co_01_ov_anl04.htm

LAO 2007 Budget Analysis: State’s Fiscal Picture

Other factors accounting for our higher expenditure estimate are (1) added pension-related expenses associated with our assumption that the pension obligation bonds will not be sold, (2) added prior-year costs related to a recent arbitration ruling involving correctional officers’ pay, and (3) lower savings from unallocated reductions than assumed by the administration.
https://lao.ca.gov/analysis_2007/2007_pandi/pi_01_anl07.aspx

LAO 2007 Budget Analysis: Health and Dental Benefits For Annuitants (9650)

In the public sector, prefunding defined pension benefits and limiting the amounts of unfunded pension liabilities are well-established public policies at the state and local level. Because most governments do not prefund retiree health benefit costs at all, the unfunded liabilities to be reported under new governmental accounting rules often will be massive.
https://lao.ca.gov/analysis_2007/general_govt/gen_20_9650_anl07.aspx

K-14 District Pension Contribution Rates and Costs [EdBudget]

Jan 12, 2018 - K-14 District Pension Contribution Rates and Costs [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/82

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - State and local governments have until December 31, 2024 to use the funds. Restrictions on Use of Funds. There are two restrictions on the use of the fiscal recovery funds. First, state and local governments are prohibited from using the funds to make supplemental pension payments.
https://lao.ca.gov/Publications/Report/4407

2005 Initiative Analysis: The California Public Employee Pension Reform Act

Under the measure, public agencies would begin contributing some level of payroll to individual defined contribution accounts for new employees, instead of contributing toward de fined benefit pensions.
https://lao.ca.gov/ballot/2005/050183.htm

2004 Initiative Analysis: Public employee retirement contributions

Under the measure, public agencies would begin contributing some level of payroll to individual defined contribution accounts for new employees, instead of contributing toward defi ned benefit pensions.
https://lao.ca.gov/ballot/2005/050022.htm

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - This approach is less expensive than giving employees a 3.5  percent salary increase because a $1 increase in salary increases state costs by $1 plus the cost of salary-driven benefits (pension, Social Security, Medicare, and retiree health prefunding under the current structure).
https://lao.ca.gov/Publications/Report/4665

Other Budget Issues

State Contributions to CalPERS for State Employee Pension Benefits State pension contributions to CalPERS in 2010-11. Recommend sending Control Section 3.60 to conference committee, given the CalPERS board's delay in setting the state's 2010-11 pension contribution rates.
https://lao.ca.gov/Recommendations?SubjectArea=71&Year=2010