A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - Resolution Chapter 123, Statutes of 2012 (SCR 105, Negrete McLeod): (1) declared the intent of the Legislature to address CalSTRS ’ long-term funding needs and (2) encouraged CalSTRS to develop options to address those needs.
https://lao.ca.gov/Publications/Report/3332

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - Under state law, PAGA allows employees to sue their employers to collect a share of penalties associated with labor l aw violations. Penalties and settlement awards from PAGA lawsuits are distributed 75  percent to the LWDF and 25  percent to the plaintiffs.
https://lao.ca.gov/Publications/Report/4274

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - The administration ’s fiscal estimates indicate that 1,165 rank-and-file and 105 excluded employees receive this pay differential. The administration estimates that the provision would increase annual state costs by $658,000.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Under federal l aw, state and local government employers may continue to exclude some employees from Social Security coverage, but only if those employees are enrolled in a retirement plan that meets federal regulations requiring at least a specified level of benefits.
https://lao.ca.gov/Publications/Report/4800

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