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 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

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 Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - Specifically, the agreement would phase in the restoration of contribution by requiring the state and employees to increase their contributions by 1.5  percent of pay in 2027-28 (to a total of 1.5  percent of pay), 2028-29 (to a total of 3  percent of pay), and 2029-30 (to a total of 4.5  percent of pay).
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - The agreement would be in effect from July 1, 2025 through June 30, 2028. This means that the agreement would be in effect for three fiscal years: 2025-26, 2026-27, and 2027-28. Pay Increases. As specified below, the agreement would provide all Unit 9 members pay increases on July 1, 2025 and on July 1, 2027. 2025-26: 3  Percent General Salary Increase (GSI).
https://lao.ca.gov/Publications/Report/5061

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

Jun 27, 2025 - The agreement would phase this policy into effect with the state and employees each contributing (1)  1.4  percent of pay, for a total of 2.8  percent of pay, in 2027-28; (2)  2.7  percent of pay, for a total of 5.4  percent of pay, in 2028-29; (3)  4.1  percent of pay, for a total of 8.2  percent of pay, in 2029-30; and (4)  an adjustable percentage of pay —not to be adjusted by greater than 0.5  percent of pay in any year —beginning in 2030-31.
https://lao.ca.gov/Publications/Report/5060

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

Jul 14, 2025 - This means that the agreement would be in effect for the duration of three fiscal years: 2025-26, 2026-27, and 2027-28 Pay Increases. 2025-26: 3  Percent General Salary Increase (GSI). Effective the first day of the pay period following ratification, the agreement would provide all Unit 16 members a GSI of 3  percent.
https://lao.ca.gov/Publications/Report/5064

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

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - The administration estimates that this will result in annual costs under the agreement being more than $30  million (more than $20  million General Fund) higher than state costs in 2024-25. After accounting for effects on unplanned overtime costs, we estimate that the agreement would result in state payroll costs for Unit 8-affiliated rank-and-file and excluded employees to increase by more than 3  percent relative to 2024-25 levels.
https://lao.ca.gov/Publications/Report/5066