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

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

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

Sep 9, 2025 - The Legislature ratified an agreement with Unit 18 through Chapter  25 of 2025 (SB  139, Committee on Budget and Fiscal Review) that suspends the state and employee contributions to prefunding retiree health benefits in 2025-26 and 2026-27.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - As mentioned above, the Legislature has ratified agreements to achieve budgetary savings in 2025-26 with 19 of the bargaining units—agreements with 18 of these units were ratified through Chapter 25 of 2025 (SB 139, Committee on Budget and Fiscal Review) and the agreement with Unit 6 (Corrections) was ratified through Chapter 26 of 2025 (SB 140, Committee on Budget and Fiscal Review).
https://lao.ca.gov/Publications/Report/5064

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 8 (Firefighters)

Aug 19, 2025 - The Legislature ratified a side letter between the state and Unit 8 through Chapter 25 of 2025 (SB 139, Committee on Budget and Fiscal Review). As indicated in our assessment of the agreements ratified under Chapter 25, the Unit 8 side letter suspended the employer and employee contributions to prefund retiree health benefits (also referred to as Other Post-Employment Benefits, or OPEB).
https://lao.ca.gov/Publications/Report/5066

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 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

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