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 - Beginning in 2030-31, both the employer and employee contributions under the agreement would fluctuate as a percentage of pay so that the employer and employee each contribute one-half of the normal cost of the benefit.
https://lao.ca.gov/Publications/Report/5073

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 6 (Corrections)

Jun 23, 2025 - The vacancy rate across state civil service classifications has fluctuated in recent years from 15  percent in 2019 to 21  percent in 2023 to 17  percent as of May 31, 2025. Though much lower than statewide vacancy rates, the vacancy rate among Unit 6 classifications also has fluctuated from 8  percent in 2019 to 13  percent in 2023 to 9  percent as of May 31, 2025.
https://lao.ca.gov/Publications/Report/5058

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

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

Jul 14, 2025 - In the case of dentists, the vacancy rate was 10  percent, which is much lower than the statewide average 21  percent vacancy rate and the 31  percent vacancy rate across Unit 16 positions. While the study indicated that state dentists are retiring at higher rates than statewide or other Unit 16 positions, the elevated retirement rate does not seem to be affecting the state ’s ability to fill dentist positions.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Sep 7, 2023 - As of August 31, 2023, the vacancy rates of the three occupational groups included in the compensation study were 11  percent in the case of Dentists, 23  percent in the case of Family Medicine Physicians, and 46  percent in the case of Psychiatrists.
https://lao.ca.gov/Publications/Report/4801

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

Jun 27, 2025 - The agreement would phase this policy into effect with the state and employees each contributing (1)  1.4  percent of pay, for a total of 2.8  percent of pay, in 2027-28; (2)  2.7  percent of pay, for a total of 5.4  percent of pay, in 2028-29; (3)  4.1  percent of pay, for a total of 8.2  percent of pay, in 2029-30; and (4)  an adjustable percentage of pay —not to be adjusted by greater than 0.5  percent of pay in any year —beginning in 2030-31.
https://lao.ca.gov/Publications/Report/5060