The 2022-23 Budget: UC Climate-Related Proposals

Feb 16, 2022 - For occupations requiring less than a bachelor ’s degree, the state ’s programs are primarily concentrated at high schools, community colleges, and local workforce development boards. These programs identify state and regional workforce needs, support credit and noncredit coursework in career ‑focused fields, and provide a variety of other training opportunities (including apprenticeships).
https://lao.ca.gov/Publications/Report/4538

The 2015-16 Budget: Major Features of the Adopted Plan (Other Issues)

Jun 19, 2015 - Under these bills, the department will have five years to commit Proposition  1E funds and three additional years to spend the funds, after which time the authorization to use the funds will expire. Cap-and-Trade Additional Cap-and-Trade Expenditures Expected to Be Part of Future Legislation.
https://lao.ca.gov/Publications/Report/3278

CalSTRS Funding: An Update

May 5, 2017 - Under this policy, the state is assigned $15  billion of the $21  billion increase, with school and community college districts generally assigned responsibility for the remainder. The state is now responsible for $29  billion of the total unfunded liability, and is expected to be assigned another several billion dollars of unfunded liabilities next year.
https://lao.ca.gov/Publications/Report/3662

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In addition, re tired future employees younger than 65 years would receive a smaller state contribution —by more than $400 per year for single coverage in the case of an employee who retired after working 25 years —towards their healthcare than they receive under the 85/80 formula during their careers.
https://lao.ca.gov/Publications/Report/3534

Unit 2 (Attorneys) MOU Analysis

Sep 12, 2019 - Despite the strong fiscal position of the state in recent years, the pay disparity between Unit 2 members and their local government counterparts persists. Lag a Major Issue at Bargaining Table. Based on information posted on the union ’s website (see public letters from the CASE president from August 14 , 22 , 23 , and 25 ), it seems that the parties intended to
https://lao.ca.gov/Publications/Report/4095

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - Figure  5 shows the administration ’s projections of future principal and interest payments until 2024-25. Administration Estimates the State Repayments Would Total Roughly $7  Billion. Under the administration ’s current projection of interest costs, total loan repayments —principal and interest payments —would be roughly $7  billion.
https://lao.ca.gov/Publications/Report/3673

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - The median 401(k) account balance of SPP participants between the ages of 56  years and 65  years is $25, 000 —one ‑quarter of the amount reported nationally. (The median 457[b] account balance for this same cohort of participants is slightly higher at $28,000.)
https://lao.ca.gov/Publications/Report/3616

Recent Changes to State and County IHSS Wage and Benefit Costs

Dec 14, 2018 - Figure 2 IHSS Provider Wagers Per State Minimum Wage a 2017 2024 and onwards Increase by inflation a The state minimum wage reflects the minimum wage of In ‑Home Supportive Services (IHSS) providers across all counties.
https://lao.ca.gov/Publications/Report/3913

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

Jun 10, 2016 - The agreement does not change the vesting schedule established in 2010, meaning that employees hired after 2017 must work 15 years to receive half of the 80/80 benefit in retirement and 25 years to receive the full 80/80 benefit in retirement.
https://lao.ca.gov/Publications/Report/3482

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

Feb 2, 2016 - Because the outcome of this calculation lacks meaning (and will be even more subjective and strange years from now), in our view it would be deeply problematic to base CalSTRS funding on this alternative universe calculation for decades to come .
https://lao.ca.gov/Publications/Report/3333