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

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

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - The administration ’s fiscal estimates indicate that about 235 rank-and-file employees and about 58 excluded employees receive this payment and that the provision would increase annual state costs by $699,000.
https://lao.ca.gov/Publications/Report/4920

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

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673

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

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - Proposal Eliminate Telework Stipend for Annual Savings of $52  Million ($26  Million General Fund). Beginning in 2024 ‑25, the Governor ’s budget proposes eliminating the telework stipend (Pay Differential 453) established under the side letters.
https://lao.ca.gov/Publications/Report/4888

Collective Bargaining: Assessing Proposed Employee Compensation Increases

Mar 20, 2020 - The rank-and-file employees and managers associated with the eight bargaining units with MOUs that the Legislature likely will consider in 2020 account for 37  percent of the state workforce and 58  percent of the state ’s General Fund payroll costs.
https://lao.ca.gov/Publications/Report/4206

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - The state is estimated to make additional interest payments of $52  million in 2017 and $17  million in 2018 before the loan is projected to be fully repaid in 2018, as shown in Figure  2 below. Figure 2 General Fund Interest Payments on Federal Loans (In Millions)
https://lao.ca.gov/Publications/Report/3503

State Options to Expand Unemployment Benefits

Apr 9, 2020 - Under SDI, workers may take up to 52 weeks leave while receiving weekly benefits of 60  percent to 70  percent of their normal wages, up to $1,300 per week. The program is funded by a 1  percent employee payroll tax and provides weekly benefits to workers who cannot work due to an injury, illness, or pregnancy.
https://lao.ca.gov/Publications/Report/4219

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - A  2018   report  by the State Coastal Conservancy and The Nature Conservancy found that 55 percent of California’s existing coastal habitats are highly vulnerable to five feet of sea‑level rise, including 60 percent of the state’s iconic beaches and 58 percent of its marshes. 
https://lao.ca.gov/Publications/Report/4575