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

Feb 2, 2016 - Figure 2 State Contribution Projected to Be Lower Than Prior Law Level Beginning in 2018-19 a (In Millions) Funding Plan�Current Projections $1,486 -$115 -$180 a Assumes state payroll growth of 3.75 percent each year.
https://lao.ca.gov/Publications/Report/3337

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - In 2015 ‑16, about 12  percent (more than $13  billion) of the state ’s $115  billion of General Fund expenditures paid for state employee salaries and benefits. If approved by the Legislature and affected employees, the agreements now before the Legislature would direct state employee compensation policies and costs for years to come.
https://lao.ca.gov/Publications/Report/3520

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