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

^[PDF] University of California Retirement Plan

Any proposed changes to pension benefi t levels for future University of California employees necessary to implement the funding plan proposal. e. Any proposed statutory changes necessary to implement the funding plan proposal.
https://lao.ca.gov/handouts/Conf_Comm/2010/University_of_California_Retirement_Plan_061410.pdf

LAO 2008 Budget Analysis: General Government Overview

As shown in Figure 2, the state ’s contributions to CalPERS ’ retirement programs increased sharply in the early part of this decade due largely to declines in the stock market, which affected the investment portfolios of CalPERS ’ pension funds.
https://lao.ca.gov/analysis_2008/general_govt/gen_anl08001.aspx

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Figure 8 California State University Core Funding by Source ( Dollars in Millions) 5.4% a Includes funding for pensions and retiree health benefits. b In addition, the budget appropriates $7  million one ‑time General Fund to the Department of Social Services for provision of legal services to undocumented students and immigrants at CSU campuses. c Includes funds that CSU uses to provide tuition discounts and waivers to certain students.
https://lao.ca.gov/Publications/Report/3870/5

LAO 2005 Budget Analysis: Capital Outlay Overview

Under the Governor's budget plan, the state would also incur annual costs beginning in 2006-07 for debt service on pension obligation bonds (about $48  million annually) and a judgment bond (about $30  million annually).
https://lao.ca.gov/analysis_2005/cap_outlay/co_01_ov_anl05.htm

^[PDF] The 2017-18 Budget: California’s Fiscal Outlook

(CalSTRS administers the pension system for teachers and other certificated employees, whereas CalPERS administers the pension system for classified employees.) The 2014-15 budget included a plan to fully fund the CalSTRS pension system within about 30 years.
https://lao.ca.gov/reports/2016/3507/Fiscal-outlook-111616.pdf

^[PDF] SEPTEMBER 12 The Governor signs the Public Employees’

SEPTEMBER 12 The Governor signs the Public Employees’ Pension Reform Act into law, which made significant changes to California governmental employee pension benefits. JUNE 15 The Legislature passes (and the Governor later signs) the 2012-13 Budget Act with $16 billion in budget solutions.
https://lao.ca.gov/reports/2018/3910/recession-recovery-121318.pdf

^[PDF] MOU Fiscal Analysis Bargaining Unit 10

The agreement does not specify how this bonus affects the state’s costs towards employees’ salary-driven benefi ts (such as pensions, Social Security, and Medicare). The administration, however, indicates that the bonus is subject to Social Security and Medicare but does not affect the state’s costs towards employees’ state pension benefi ts.  General Salary Increase (GSI) in 2015-16.
https://lao.ca.gov/MOU/2014/MOU-BU-10-082214.pdf

Local Government Bankruptcy in California: Questions and Answers

To date, no California local governments have used Chapter 9 to change pension benefits for current retirees; however, pension benefits were changed in at least one case in another state (Central Falls, Rhode Island).
https://lao.ca.gov/reports/2012/localgov/local-government-bankruptcy-080712.aspx

Data Revisions Shows Monthly Survey Again Overstating Job Growth [EconTax Blog]

Dec 16, 2024 - Each month our office   publishes  the most recent state employment figures from the the  Current Employment Statistics  (CES) survey. State employment figures come from this monthly survey, which is based on a sample of businesses in the state. 
https://lao.ca.gov/LAOEconTax/article/Detail/818