Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - The investment funds SPP offers range from conservative (with virtually no risk that investors lose money on their investment) to aggressive (with much higher probability of losing money in any given year).
https://lao.ca.gov/Publications/Report/3616

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

May 16, 2017 - The PMIB has a fiduciary duty to safeguard the interests of its investors —the state and local governments with funds invested in the LAIF. PMIA Yield Has Varied Over Time. The Treasurer typically invests funds in the PMIA in safe instruments with short-term maturity schedules.
https://lao.ca.gov/Publications/Report/3673

The 2018-19 Budget: Statewide Prison to Employment Initiative

Mar 12, 2018 - According to the ForwardFocus website, grant reviewers are “ . . . looking for projects that work to develop collaborative relationships between county probation, CDCR, community organizations, and local workforce development boards. ” Forthcoming Report Will Provide Opportunity to Reassess Workforce Training for Ex ‑Offenders.
https://lao.ca.gov/Publications/Report/3781

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - For example, they will be higher than projected if CalPERS experiences investment losses or lower than projected if CalPERS experiences higher-than-assumed investment gains. OPEB Prefunding Contribution Rate Likely Will Need to Be Adjusted.
https://lao.ca.gov/Publications/Report/3847

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - These contributions are invested in a trust fund. Under the funding plan, the state may not use the assets of the trust fund to pay benefit costs until 2046 or the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5073

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - Limit SIBTF Claims to Pre ‑Existing Disabilities That Interact With the Work Injury. Under current program rules, workers can qualify for SIBTF benefits even if the pre ‑existing condition does not interact with (or worsen the impact of) the work injury.
https://lao.ca.gov/Publications/Report/5062

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - (Community health workers are trained health educators who work directly with individuals who may have difficulty understanding or interacting with health care providers due to cultural or language barriers to increase their engagement with the health care system.)
https://lao.ca.gov/Publications/Report/4572

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 6, 2019 - The award currently is available to Investment Officer IIIs. The agreement would allow Investment Officer IIs to receive the award. The administration estimates this would increase annual state costs by about $2  million beginning in 2020 ‑21 —all paid from retirement funds.
https://lao.ca.gov/Publications/Report/4094

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run. In most of the agreements, the state ’s contributions towards the benefit would be fully restored in 2027-28.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - In each of these months, Unit 6 members’ pay was reduced by between 4.62 percent and 13.86 percent. Between 2009-10 and 2010-11, Unit 6 members’ pay was reduced by 13.86 percent for 20 of the 24 months across the two fiscal years.
https://lao.ca.gov/Publications/Report/5058