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

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - Resolution Chapter 123, Statutes of 2012 (SCR 105, Negrete McLeod): (1) declared the intent of the Legislature to address CalSTRS ’ long-term funding needs and (2) encouraged CalSTRS to develop options to address those needs.
https://lao.ca.gov/Publications/Report/3332

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - The administration ’s estimates assume that 123 rank-and-file employees would receive this payment and 19 excluded employees would receive the payment —increasing annual state costs by about $1.8  million.
https://lao.ca.gov/Publications/Report/4920

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

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

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - A  2018   report  by the State Coastal Conservancy and The Nature Conservancy found that 55 percent of California’s existing coastal habitats are highly vulnerable to five feet of sea‑level rise, including 60 percent of the state’s iconic beaches and 58 percent of its marshes. 
https://lao.ca.gov/Publications/Report/4575

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

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In this report, CalHR surveyed 20 local fire departments—selected at random among 58 California fire departments that employ more than 75 firefighters—and compared total compensation provided to classifications the department identified as similar to the four state classifications.
https://lao.ca.gov/Publications/Report/3534