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

The 2024-25 Budget: State Employee Compensation [Publication Details]

Mar 21, 2024 - The 2024-25 Budget: State Employee Compensation [Publication Details] 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/Publications/Detail/4888

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

Jun 10, 2016 - Salary increases also increase state costs for salary-driven benefits, including state contributions to employees ’ pension, Social Security, and Medicare benefits. Classification-Specific Salary Increases.
https://lao.ca.gov/Publications/Report/3482

Examining Statewide Pension Benefit Policy for Elected Officials [Publication Details]

Apr 13, 2012 - Examining Statewide Pension Benefit Policy for Elected Officials [Publication Details] 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/Publications/Detail/2614

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - Pension Contribution Growth. The California Public Employees ’ Retirement System (CalPERS) board establishes the state ’s contribution rates —as a percentage of pay —to fund employee pension benefits.
https://lao.ca.gov/Publications/Report/4101

Addressing Public Pension Benefits and Cost Concerns [Publication Details]

Feb 22, 2005 - Addressing Public Pension Benefits and Cost Concerns [Publication Details] 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/Publications/Detail/1228

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - In these scenarios, state contributions reach about 18 percent of payroll by the mid-2040s. In the context of current statewide teacher payroll, the difference between these two extremes is roughly $5 billion —more than three times the state ’s current contribution to CalSTRS ’ main pension program.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 2 (Attorneys and Hearing Officers)

Aug 29, 2016 - Salary increases also increase state costs for overtime and salary-driven benefits, including state contributions to employees ’ pension, Medicare, and Social Security. (In addition —as discussed in greater detail later —the agreement establishes the state ’s contributions to prefund retiree health benefits as a percentage of pay, creating an additional cost that fluctuate with pay levels.)
https://lao.ca.gov/Publications/Report/3495

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The Governor allocates this amount among three uses: ( 1)  c ontinuing to implement the state ’s plan to prefund retiree health benefits, ( 2)  r epaying a 2017 ‑ 18 l oan from the state ’s cash resources that supported a supplemental pension payment in that year, and ( 3)  a supplemental pension payment to the state ’s teacher retirement system.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - In addition to required annual contributions, the Governor proposes that the state make supplemental contributions from the General Fund to the pension systems to reduce the unfunded liabilities and reduce state costs over the next few decades.
https://lao.ca.gov/Publications/Report/3916