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 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 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 8 (Firefighters)

Aug 19, 2025 - As described in our report, The 2024-25 California Spending Plan: Resources and Environmental Protection , the 2024-25 budget included funding to begin implementing a shift to a 66-hour duty week. The 2024-25 budget appropriated $199 million ($197 million General Fund) and 338 positions for this purpose.
https://lao.ca.gov/Publications/Report/5066

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - Figure 1 Status of Labor Agreements to Achieve Budgetary Savings Ratified by Chapter 25 of 2025 (SB 139, Committee on Budget and Fiscal Review) Unit 1 Administrative, Financial, and Staff Services Unit 2
https://lao.ca.gov/Publications/Report/5063

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 9 (Professional Engineers)

Jun 27, 2025 - Employees who are identified as “office centered ” are eligible to receive $25 per month. Under the telework stipend program, the MOU specifies that “no reimbursement claims will be authorized for utilities, phone, cable/internet, or other telework incurred costs. ” Executive Order N-22-25.
https://lao.ca.gov/Publications/Report/5061

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

Jul 14, 2025 - Since January 1, 2022, Unit 16 employees who have an approved telework agreement on file with their department are eligible to receive $50 per month if they are identified as a remote centered employee or $25 per month if they are identified as an office centered employee.
https://lao.ca.gov/Publications/Report/5064

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

Sep 9, 2025 - In July, the Legislature received a side letter between the state and CAPS-UAW related to Executive Order N-22-25 pertaining to the state’s telework policy. This side letter did not include economic provisions and took effect.
https://lao.ca.gov/Publications/Report/5073