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 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

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

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 Unit 6 (Corrections)

Jun 23, 2025 - Like the provision under the current MOU, the amount r eceived by eligible employees would depend on the number of qualifying pay periods the employee worked in each fiscal year with eligible employees receiving $466.66 for each qualifying pay period worked in each preceding fiscal year.
https://lao.ca.gov/Publications/Report/5058

The 2022-23 Budget: UC Climate-Related Proposals

Feb 16, 2022 - Private entities tend to underspend on R &D without government intervention. This is because the costs and risks of R &D can be high, while the benefits tend to be diffuse. In the climate change area, benefits can be especially diffuse, with regional, statewide, and even global effects.
https://lao.ca.gov/Publications/Report/4538

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