A constitutional initiative related to compensation and retirement benefits for state and local governmental employees in California. [Ballot]

Jul 27, 2015 - Governmental Employee Pension Benefits State and Local Governments Sponsor “Defined Benefit ” Retirement Plans for Their Employees. As part of employment, the state provides defined benefit retirement plans for its employees and for those of public schools and community colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-033

The 2020-21 Spending Plan: Proposition 98 and K-12 Education

Oct 29, 2020 - At the time, the state estimated that the supplemental payment could reduce district pension costs by roughly 0.3  percent of annual pay over the next few decades. The 2020 ‑21 budget plan repurposes this payment to reduce pension costs by a larger amount over the next two years.
https://lao.ca.gov/Publications/Report/4291

2015-16 General Fund pension payments to be below projections.

Apr 15, 2015 - 2015-16 General Fund pension payments to be below projections. 2015-16 General Fund pension payments to be below projections. Program: CalPERS Finding or Recommendation: On April 14, the CalPERS Board approved the state's 2015-16 contribution rates for state employee pension benefits.
https://lao.ca.gov/Recommendations/Details/839

K-12 Funding by Source [EdBudget]

Aug 31, 2021 - K-12 Funding by Source [EdBudget] -6.5      a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b The June 2020 budget plan
https://lao.ca.gov/Education/EdBudget/Details/545

The 2022-23 Budget: California State University

Feb 15, 2022 - In addition to these base increases, the state has provided General Fund each year to cover changes in certain CSU pension and retiree health costs. Over the same time period, CSU has increased tuition only once, raising systemwide charges by 4.9  percent for undergraduate and teacher credential students and 6.5  percent for graduate students in  2017 ‑18.
https://lao.ca.gov/Publications/Report/4537

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - Funding Plan a Major State Accomplishment. Prior to state action, CalSTRS faced a huge unfunded liability with no plan in place for funding teacher pensions. CalSTRS was expected to exhaust its assets in the mid-2040s, an alarming prospect for a pension system.
https://lao.ca.gov/Publications/Report/3332

The California State Bar: Considerations for a Fee Increase

Jun 26, 2019 - Pension Contributions Expected to Grow. CalPERS administers pension benefits for state employees and employees of local governments that contract with the pension system. The State Bar pension benefit is separate from that provided to state employees —the State
https://lao.ca.gov/Publications/Report/4080

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - Retirement Liabilities State Pensions Funded From Three Sources. The state provides pension benefits to retired state and California State University employees through the CalPERS pension system. CalPERS pensions are funded from three sources: investment gains, employer contributions, and employee contributions.
https://lao.ca.gov/Publications/Report/3797

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - The calculation estimates what CalSTRS ’ funding situation would be today had the state made different decisions about teacher pensions in the past. Specifically, the calculation estimates what CalSTRS ’ unfunded liabilities would be if (1) the state never granted teachers more generous pensions in the late 1990s and (2)
https://lao.ca.gov/Publications/Report/3333

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - The payment would be considered compensation for purposes of determining employees ’ pension benefits. New Alternate Range for Custodians at Health Care Facilities. Effective the first day of the pay period six months following ratification, the minimum and maximum salaries of a new alternate range for custodian classifications will be established that is 10  percent above
https://lao.ca.gov/Publications/Report/4799