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 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

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - Reset Initial SIBTF Eligibility Threshold to 35   Percent Disability Rating. The Legislature could consider undoing the indirect effect of the 2012 reforms that increased all impairment ratings by 40  percent.
https://lao.ca.gov/Publications/Report/5062

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Aug 8, 2019 - The agreement would provide 58 classifications Special Salary Adjustments (SSAs). In total, as shown in Figure  2, about 80  percent of the bargaining unit would receive SSAs in addition to the GSIs described above.
https://lao.ca.gov/Publications/Report/4085

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)

Jan 23, 2017 - The agreement would increase state costs in the current fiscal year (2016-17) by about $35  million ($17  million General Fund). As Figure  3 shows, the administration estimates that the proposed agreement would increase state costs each year through 2020-21.
https://lao.ca.gov/Publications/Report/3534

Recent Changes to State and County IHSS Wage and Benefit Costs

Dec 14, 2018 - Specifically, the state will pay for 65  percent of the nonfederal costs of county IHSS wages and benefits up to the state participation cap, while counties are responsible for the remaining 35  percent.
https://lao.ca.gov/Publications/Report/3913

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