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

Feb 2, 2016 - Figure 1 displays CalSTRS ’ projections of the state and district shares of unfunded liabilities under a sample of simulations reflecting average investment returns of between 5.6 percent and 10.9 percent.
https://lao.ca.gov/Publications/Report/3336

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

Sep 1, 2023 - To be eligible for this payment, employees would need to have been (1)  employed by the state on January 1, 2022 and remained in employment through the first day of the pay period following ratification and (2)  worked more than 50  percent of the time in a correctional facility, correctional health care facility, Veteran ’s Home, state hospital,
https://lao.ca.gov/Publications/Report/4798

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

Aug 8, 2019 - As Figure  1 shows, about 30  percent of Unit 7 members would receive the higher GSI in 2022 ‑23. The four GSIs provided by the proposed agreement would compound to a 10.4  percent pay increase for non-POFF employees and 12  percent for POFF employees.
https://lao.ca.gov/Publications/Report/4085

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

May 16, 2017 - However, as shown in Figure  1, these average yields have varied over time. In the early 1980s, they were generally above 10  percent and fell to around 9  percent in the early 1990s. 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.
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 - In this report, CalHR surveyed 20 local fire departments—selected at random among 58 California fire departments that employ more than 75 firefighters—and compared total compensation provided to classifications the department identified as similar to the four state classifications.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - When CalHR did release a compensation study of Unit 6 compensation in 2023 (referred to as the 2022 compensation study because it relies on data from 2022), we were highly critical of the methodology adopted for the study.
https://lao.ca.gov/Publications/Report/5058

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 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