MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - The most recent actuarial valuation of Unit 12 retiree health benefits (as of June 30, 2023) estimates that the Unit 12 funding plan is on track to fully fund Unit 12 retiree health benefits by 2047.
https://lao.ca.gov/Publications/Report/5060

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - For example, if CalSTRS’ real world portfolio grows by $10 billion, the calculation gives the state the benefit of a roughly $12 billion gain. 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

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

Labor Agreements to Achieve Budgetary Savings

Jul 11, 2025 - Legislative Ratification of Agreements With Units 6, 9, and 12. In June 2025, our office issued analyses of proposed labor agreements with Units 6 (Corrections) , 9 (Professional Engineers) , and 12 (Craft and Maintenance) .
https://lao.ca.gov/Publications/Report/5063

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

Sep 9, 2025 - The table reflects assumptions assumed by the administration in its estimate of the agreement ’s fiscal effect. b The agreements with Units 12 and 13 provide employees an additional eight hours of PLP 2025 leave effective June 1, 2027 on a one ‑time basis.
https://lao.ca.gov/Publications/Report/5073

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 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - The table reflects assumptions assumed by the administration in its estimate of the agreement ’s fiscal effect. cThe agreements with Units 12 and 13 provide employees an additional eight hours of PLP 2025 leave effective June 1, 2027 on a one ‑time basis.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - As of March  2025, rank-and-file and excluded employees associated with Unit 6 totaled nearly 30,000 full-time equivalent (FTE) employees, accounting for 12  percent of the about 256,000 FTE across the entire state workforce.
https://lao.ca.gov/Publications/Report/5058