A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - Because theoretical assets that determine the state’s share of the unfunded liability fluctuate more than real world assets and because the state’s share of the unfunded liability ($15 billion) is much smaller than the district share ($58 billion), the state share will be relatively sensitive to changes in assets.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Aug 8, 2019 - The agreement would provide 58 classifications Special Salary Adjustments (SSAs). In total, as shown in Figure  2, about 80  percent of the bargaining unit would receive SSAs in addition to the GSIs described above.
https://lao.ca.gov/Publications/Report/4085

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

May 16, 2017 - However, under the same projections, the full benefits of those lower rates would not materialize until 2022-23. In the interim years, we suspect that some special funds and other state funds may face a net cost from this loan.
https://lao.ca.gov/Publications/Report/3673

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Meanwhile, that calculation, coupled with CalSTRS ’ treatment of the higher teacher contributions required by the funding law, have increased the school and community college district share from $47 billion to $58 billion.
https://lao.ca.gov/Publications/Report/3339

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The state ’s cost depends on (1)  when the employee was hired, (2)  the employee ’s number of years of service, and (3)  whether or not the employee is eligible to enroll in Medicare. In 2022-23, the state paid about $2  billion (all funds) towards retiree health premiums Past Policies to Provide Immediate Budgetary Relief Employee compensation is a significant cost, constituting more than one-half of General Fund state operations costs .
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - The administration estimates that these current-law changes would increase annual state costs by nearly $63  million ($40  million General Fund) above 2016-17 levels by 2022-23 even if this agreement is not approved.
https://lao.ca.gov/Publications/Report/3534

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

Sep 1, 2023 - Due to one-time costs associated with provisions of the agreement, 2025 ‑26 would be the highest cost year resulting from the agreement, increasing costs in that year by $152  million ($58  million from the General Fund).
https://lao.ca.gov/Publications/Report/4798

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

Sep 9, 2025 - The study found that the state’s total compensation earned by the two smaller occupations, chemists and epidemiologists, is above market levels by 15 percent and 23 percent, respectively. …But Largest Occupation Compensated Below Market.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers) June 27, 2025 MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers) The administration released a proposed labor agreement between the state and Bargaining Unit 9 (Professional Engineers) on June 23, 2025.
https://lao.ca.gov/Publications/Report/5061

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) June 23, 2025 MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) The administration released a proposed labor agreement between the state and Bargaining Unit 6 (Corrections) on the evening of June 16, 2025.
https://lao.ca.gov/Publications/Report/5058