The 2020-21 Budget: The Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 20, 2019 - This report examines how the Proposition 98 minimum guarantee might change over the coming years. The report has five parts. First, we explain the formulas that determine the minimum guarantee. We then explain how our estimates of Proposition 98 funding in 2018‑19 and 2019‑20 differ from the estimates included in the June 2019 budget plan. Next, we estimate the 2020‑21 guarantee.
https://lao.ca.gov/Publications/Detail/4113

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Districts ’ Pension Costs Also Are Rising.   About half of CCC employees (namely faculty) participate in the California State Teachers ’ Retirement System (CalSTRS), with the other half (namely staff and administrators) participating in the California Public Employees ’ Retirement System (CalPERS).
https://lao.ca.gov/Publications/Report/4853

Higher Education General Fund Support Under Governor's Budget and May Revision [EdBudget]

May 14, 2023 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/721

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Pensions. Between the two pension systems, the state ’s pension unfunded liabilities are estimated to total $93.1  billion ($59.7  billion at CalPERS for state employee pensions and $33.4  billion at CalSTRS for teachers ’ pensions).
https://lao.ca.gov/Publications/Report/4106

The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details]

May 21, 2024 - The 2024-25 Budget: Proposed Reductions to State Operations [Publication Details] The 2024-25 Budget: Proposed Reductions to State Operations Format: HTML Description: The Governor’s May Revision proposes to (1) administratively establish a new ongoing unallocated 7.95 percent reduction to state operation expenditures and (2) make the 2024-25
https://lao.ca.gov/Publications/Detail/4903

The 2024-25 Budget: Proposed Reductions to State Operations

May 21, 2024 - Difficult to Achieve Savings Without Affecting State Employees. Employee compensation is a significant portion of state operation expenditures. In some departments, more than 80  percent of state operation expenditures are for state employee salaries and benefits.
https://lao.ca.gov/Publications/Report/4903

Districts' Pension Contribution Rates and Amounts [EdBudget]

Mar 16, 2023 - Excludes payments made by the state on behalf of employers. c Contribution amounts are estimates provided by CalPERS. Excludes payments made by the state on behalf of employers. CalSTRS = California State Teachers' Retirement System.
https://lao.ca.gov/Education/EdBudget/Details/715

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Sep 1, 2023 - The state ’s contribution would be adjusted to reflect changes in premiums in January of 2024, 2025, and 2026. 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/4798

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 26, 2019 - Chapter  33 of 2019 (SB  90, Committee on Budget and Fiscal Review) appropriated $265  million from the General Fund in 2020 ‑21 as a supplemental pension payment to state pension plans. The law specified that the money would be apportioned among the state employee pension plans in proportion to each plan ’s
https://lao.ca.gov/Publications/Report/4089

The 2020-21 Budget: Analyzing UC and CSU Cost Pressures

Dec 18, 2019 - For employee benefit cost increases, we projected growth based upon recent state actuarial assumptions regarding pension contribution rates and health premium increases. Using different assumptions than we made would result in a different estimate of the state ’s operating surplus.
https://lao.ca.gov/Publications/Report/4127