MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - Alternatively, if inflation continues to fall, the state could end up providing pay increases above the rate of inflation under the agreement, resulting in the state potentially paying more than might be necessary.
https://lao.ca.gov/Publications/Report/4802

A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - Whether State Shares in Responsibility Depends On Future Investment Experience. As we described in our second post , the funding plan—as implemented—makes the state responsible for an estimate of what CalSTRS’ unfunded liabilities would be today if the state had made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3337

The 2023-24 Budget: California Spending Plan Series [Publication Details]

Oct 2, 2023 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2023-24 budget package. As these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4835

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - Under the current MOU, any amount of the 2019 ‑20 Unit 5 salary increase above 3  percent was redirected as an employee contribution towards pension benefits. This contribution was in addition to what the state and employees otherwise would contribute to the pension system, meaning that the contribution was a supplemental pension contribution that paid down unfunded liabilities.
https://lao.ca.gov/Publications/Report/4446

The 2023-24 Budget: Total Compensation Studies

May 24, 2023 - …And Result in Less Useful Reports in Understanding State ’s Position as an Employer and Effective Use of State Resources. The state ’s recurring total compensation study should be a tool to identify how the state ’s compensation package compares with other large employers broadly across the state as well as regionally.
https://lao.ca.gov/Publications/Report/4773

Extending Unemployment Insurance to Cover Excluded Workers [Publication Details]

Mar 28, 2023 - Presented to: Assembly Budget Subcommittee No. 4 on State Administration
https://lao.ca.gov/Publications/Detail/4753

Collective Bargaining: Assessing Proposed Employee Compensation Increases

Mar 20, 2020 - In addition to near-term fiscal considerations, salary increases have very long-term fiscal effects as (1)  salary increases compound and (2)  pension benefits ultimately are based on salary. Important That Proposed Increases to Compensation Be Justified.
https://lao.ca.gov/Publications/Report/4206

The 2023-24 Budget: Total Compensation Studies [Publication Details]

May 24, 2023 - As part of the May Revision, the Governor proposed amending Section 19826 of the Government Code to establish a biennial compensation report for state employees. This post is our analysis of the Governor’s proposal.
https://lao.ca.gov/Publications/Detail/4773

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Because the State Constitution requires the state to pass a balanced budget, the Governor must propose solutions when the administration estimates the state faces a budget problem. The state has many types of solutions —or tools —for addressing a budget problem, but the most important include: reserve withdrawals, spending reductions, revenue increases, and cost shifts (for example, between funds).
https://lao.ca.gov/Publications/Report/4662

A Review of the CalSTRS Funding Plan: Background [Publication Details]

Feb 2, 2016 - This post is the first of a series looking at the implementation of the CalSTRS funding plan. In this post, we provide key background information on pensions and CalSTRS.
https://lao.ca.gov/Publications/Detail/3332