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Retirement costs

May 24, 2012 - We continue to encourage the Legislature to link any state funding for UC ’s pension costs to actual costs. In January, we were provided with information from UC that indicated that its additional costs for pensions in 2012-13 for state General Fund and tuition-funded employees would be about $78  million.
https://lao.ca.gov/Recommendations/Details/478

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - We also noted in 2015 that higher pay increases of this type drive up state pension costs. As such, it will probably end up costing the state more—including pay and pension costs—to share retiree health costs with employees than it would have costed to pay for retiree health with just an employer contribution.
https://lao.ca.gov/Publications/Report/3534

K-12 Funding by Source [EdBudget]

May 21, 2020 - Excludes $5.3 billion deferred from 2020-21 to 2021-22. b Consist primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 Child Care programs, and operational expenses of the California Department of Education and other state agencies.
https://lao.ca.gov/Education/EdBudget/Details/388

2008 Initiative Analysis: The McCauley Public Employee Pension Reform Act

These increases would likely offset all or most of the pension cost savings achieved under this measure. Fiscal Summary The measure would have the following major fiscal effects on the state and local governments: Possible reduction in pension costs for state and local governments, depending on future actions by state and local governments and courts.
https://lao.ca.gov/ballot/2008/080780.aspx

2011 Initiative Analysis: Tax Public Pensions Above $100,000 per Year Act

Proposal New State Tax on Certain CalPERS and CalSTRS Pension Income. This measure amends the State Constitution to institute a new state tax on pension benefits paid to an individual by CalPERS and/or CalSTRS that exceed $100,000 per year.
https://lao.ca.gov/ballot/2011/110519.aspx

The 2024-25 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2024 - On January 10, 2024, Governor Newsom presented his proposed state budget to the California Legislature. In this report, we provide a brief summary of the Governor’s budget based on our initial review as of January 12. In the coming weeks, we will analyze the plan in more detail and release many additional issue-specific budget analyses.
https://lao.ca.gov/Publications/Detail/4825

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California
https://lao.ca.gov/Publications/Report/4825/1

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - On January 10, 2024, Governor Newsom presented his proposed state budget to the California Legislature. In this report, we provide a brief summary of the Governor’s budget based on our initial review as of January 12. In the coming weeks, we will analyze the plan in more detail and release many additional issue-specific budget analyses.
https://lao.ca.gov/Publications/Report/4825/2

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - On January 10, 2024, Governor Newsom presented his proposed state budget to the California Legislature. In this report, we provide a brief summary of the Governor’s budget based on our initial review as of January 12. In the coming weeks, we will analyze the plan in more detail and release many additional issue-specific budget analyses.
https://lao.ca.gov/Publications/Report/4825/3

[PDF] Tax Public Pensions Above $100,000 per Year Act

PROPOSAL New State Tax on Certain CalPERS and CalSTRS Pension Income. This measure amends the State Constitution to institute a new state tax on pension benefits paid to an individual by CalPERS and/or CalSTRS that exceed $100,000 per year.
https://lao.ca.gov/ballot/2011/110519.pdf