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

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

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - In 2010-11, the state made changes to pension formulas for future hires and increased contribution rates for existing employees. For example, see the 2010 agreement with Service Employees International Union, Local 1000 (Local 10000), which increased employee contributions from 5 percent of pay to 8 percent of pay and reduced pension benefits for future hires.
https://lao.ca.gov/Publications/Report/5047

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

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - For example, an estimated  172 million trees have died in California’s forests since 2010 due to multiple years of low moisture and drought conditions, high temperatures, and resulting bark beetle infestations.
https://lao.ca.gov/Publications/Report/4575

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 6 (Corrections)

Jun 23, 2025 - Between 2009-10 and 2010-11, Unit 6 members’ pay was reduced by 13.86 percent for 20 of the 24 months across the two fiscal years. As of December 2024, Unit 6 members have 131,427 hours of unused furlough or PLP hours in their leave balances.
https://lao.ca.gov/Publications/Report/5058

Collective Bargaining: Assessing Proposed Employee Compensation Increases

Mar 20, 2020 - The rank-and-file employees and managers associated with the eight bargaining units with MOUs that the Legislature likely will consider in 2020 account for 37  percent of the state workforce and 58  percent of the state ’s General Fund payroll costs.
https://lao.ca.gov/Publications/Report/4206

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

Aug 8, 2019 - The agreement would provide 58 classifications Special Salary Adjustments (SSAs). In total, as shown in Figure  2, about 80  percent of the bargaining unit would receive SSAs in addition to the GSIs described above.
https://lao.ca.gov/Publications/Report/4085