MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - 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). Effective July 1, 2025, the agreement would provide all state employees represented by Unit 9 a 3  percent pay increase.
https://lao.ca.gov/Publications/Report/5061

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 12 (Craft and Maintenance)

Jun 27, 2025 - Between 2000-01 and 2024-25, the state ’s inflation-adjusted General Fund pay-as-you-go cost towards these benefits increased by more than 250  percent to $2.8  billion. The largest factors driving these cost increases have been (1)  the rapid growth in health premiums and (2)  the growing number of people receiving the benefit as more employees retire and people live longer in retirement.
https://lao.ca.gov/Publications/Report/5060

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - The agreement would provide a 3  percent GSI on July 1, 2025 and another 3  percent GSI on July 1, 2027. A GSI adjusts the entire salary range for each classification represented by a bargaining unit, meaning that the pay increase applies to all Unit 6 members.
https://lao.ca.gov/Publications/Report/5058

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

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - Full Employer Costs Likely $2   Billion to $3   Billion Annually. Looking broadly at incoming claims each year, employers likely face lifetime SIBTF costs totaling $2  billion to $3  billion for each cohort of claims that injured workers submit each year.
https://lao.ca.gov/Publications/Report/5062

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 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