MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - LAO Comments Administration ’s Estimated Fiscal Effect Agreement Reduces Costs in 2025-26 and 2026-27, Increases Costs Thereafter. Figure  1 shows the administration ’s estimated fiscal effect of the proposed agreement as well as the administration ’s estimated fiscal effect of extending provisions of the agreement to excluded employees affiliated with Unit 6.
https://lao.ca.gov/Publications/Report/5058

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Jun 23, 2025 - MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5058

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: 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

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

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - As implemented, the abstract calculation central to the funding plan has decreased the state ’s share of CalSTRS ’ unfunded liabilities from $20 billion to $15 billion. 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

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - As we describe below and list in Figure  1, the Legislature has ratified agreements between the administration and 19 of the state ’s 21 bargaining units. The rank-and-file and excluded employees associated with these 19 bargaining units represent more than 95  percent of the state workforce.
https://lao.ca.gov/Publications/Report/5063

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 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

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

Aug 8, 2019 - For example, a $1 salary increase to a peace officer increases the state ’s costs by about $1.50. Fully offsetting the increased employee contributions —as this agreement provides —means that for every $1 the state ’s pension contributions are reduced, the state ’s payroll costs increase about $1.50.
https://lao.ca.gov/Publications/Report/4085