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

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: 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 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - (Drivers who deliver food for app-based delivery services are eligible.) Other employees would be eligible for the state supplemental two week paid sick leave program if they are: (1)  healthcare workers, (2)  emergency responders and public safety personnel, and (3)  employees of businesses with more than 500 employees nationwide.
https://lao.ca.gov/Publications/Report/4274

Federal Paid Leave for Workers Impacted by COVID-19

Mar 27, 2020 - As a result, some California workers, including those who work for app-based companies, may be employees under California law but independent contractors under federal law. These workers likely are not eligible to receive employer-paid federal leave benefits under H.R.  6201.
https://lao.ca.gov/Publications/Report/4212

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - The proposed agreement would be in effect through July 1, 2028. This means that the agreement would be in effect for three fiscal years: 2025-26, 2026-27, and 2027-28. Increases Pay in 2025-26 and 2027-28.
https://lao.ca.gov/Publications/Report/5073

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

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - Figure 1 Status of Labor Agreements to Achieve Budgetary Savings Ratified by Chapter 25 of 2025 (SB 139, Committee on Budget and Fiscal Review) Unit 1 Administrative, Financial, and Staff Services Unit 2
https://lao.ca.gov/Publications/Report/5063

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