A Review of the CalSTRS Funding Plan: Treatment of Teacher Contributions Also Increase District Unfunded Liabilities

Feb 2, 2016 - As described above, administration documents characterized higher teacher contributions as paying for $8 billion of the $74 billion unfunded liability that existed when the funding plan was placed into law.
https://lao.ca.gov/Publications/Report/3335

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

Sep 1, 2023 - The agreement would provide the five FTE employees who work at the California Highway Patrol as a Telecommunications Facilities Technician II a 4.19  percent pay increase. 4  Percent SSA to 74 Specified Classifications.
https://lao.ca.gov/Publications/Report/4798

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - The total $74 billion unfunded liability would be divided up between school and community college districts ($47 billion), the state ($20 billion), and teachers ($8 billion). As we understood the plan, districts and the state would share in investment gains and losses roug hly in proportion to the amounts they owe.
https://lao.ca.gov/Publications/Report/3333

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - Bureau of Labor Statistics, the average person aged between 65  years and 74  years spent about $38,000 on these categories of expenditures in 2014. A retired state employee who worked a long career with the state likely would have somewhat lower basic costs of living as the state ’s contributions would pay for a large portion of the retiree ’s healthcare.
https://lao.ca.gov/Publications/Report/3616