A Review of the CalSTRS Funding Plan: Funding Plan May Not Meet Principle of “Shared Responsibility”

Feb 2, 2016 - In other words, even if investments fall short of the CalSTRS ’ target in the near term, a large investment gain a few years from now could eliminate the state ’s share of the unfunded liability and reduce the state ’s funding plan supplemental payment to $0.
https://lao.ca.gov/Publications/Report/3337

A Review of the CalSTRS Funding Plan: Treatment of Teacher Contributions Also Increase District Unfunded Liabilities

Feb 2, 2016 - In other words, higher teacher contributions will only partially be used to pay down the district share of CalSTRS ’ unfunded liabilities. Implementation May Differ From Legislative Intent. As described above, administration documents characterized higher teacher contributions as paying for $8 billion of the $74 billion unfunded liability that existed when the funding plan was placed into law.
https://lao.ca.gov/Publications/Report/3335

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - In other words, the agreement would lead to increased state annual costs beginning in 2025-26. Greater Increased Annual Costs Beginning in 2027-28. After PLP 2025 expires, the state would begin paying the full effect of the agreed upon pay increase.
https://lao.ca.gov/Publications/Report/5066

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - In other words, the state made payments to the pension systems on behalf of districts, lessening the amounts that districts were required to pay directly for their annual contributions. In addition, the 2019 ‑20 Budget Act made a $2.3  billion supplemental payment toward districts ’ shares of CalSTRS and CalPERS long-term unfunded liabilities.
https://lao.ca.gov/Publications/Report/4279

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - In other words, even though the trust fund may achieve solvency in the next few years with current statutory benefit levels and state UI tax rates, it is uncertain whether solvency can be maintained over the longer term.
https://lao.ca.gov/Publications/Report/3503/2

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - However, average real base pay remains 6 percent higher than it was in 2003 when the state last experienced significant challenges recruiting correctional officers. Vacancy Rates Seem Within the Range of Normal for Unit 6.
https://lao.ca.gov/Publications/Report/5058

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share. Funding Plan Instead Relies on Abstract Calculation.
https://lao.ca.gov/Publications/Report/3333

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share by a lesser amount.
https://lao.ca.gov/Publications/Report/3334

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - The general intent of experience rating is to link payment for UI program costs to the likelihood that benefits will be paid, such that employers whose employees are more likely to receive UI benefits —in other words, are more likely to be laid off, as measured by the amount of past benefits received by the employer ’s former employees —would pay a higher proportion of UI program costs.
https://lao.ca.gov/Publications/Report/3503/1

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - In other words, the budget action magnifies the risk that —even if CalSTRS ’ board is able to increase the state ’s rate by the maximum of 0.5  percentage points every year through 2046 —the state ’s contributions would be insufficient to completely pay down its share of UAO by the end of the funding plan.
https://lao.ca.gov/Publications/Report/4400