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

Feb 2, 2016 - Projected State Costs Much Lower Than in May 2014. Figure 1 compares CalSTRS ’ May 2014 projections of the state ’s funding plan contribution with CalSTRS ’ most recent projections. (We have updated the May 2014 projections to reflect the most recent teacher payroll data.)
https://lao.ca.gov/Publications/Report/3337

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Video]

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Video] To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs
https://lao.ca.gov/Videos/Player?playlistId=70

The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details]

Mar 4, 2014 - The 2014-15 Budget: State Worker Salary, Health Benefit, and Pension Costs [Publication Details] Video Description: The Governor's budget proposes $24 billion to pay salary and benefit costs for state workers in 2014-15, up from an estimated $23.5 billion in the current year.
https://lao.ca.gov/Publications/Detail/2958

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - The Legislature held hearings in 2013 and 2014 that evaluated CalSTRS ’ and other options and examined the effects on stakeholders. The Governor ’s May 2014 revised budget proposed a plan to fully fund CalSTRS in about 30 years by increasing contributions from the state, districts, and teachers.
https://lao.ca.gov/Publications/Report/3332

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

Jul 14, 2025 - (The General Fund share of these costs are paid from the state ’s required annual debt payments under Proposition  2 [2014].) The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 18 (Psychiatric Technicians)

Jan 9, 2020 - Figure 2 Unit 18 Mandatory Overtime at Napa and Patton State Hospitals Increased Since 2014 ‑15 Hours of Mandatory Overtime
https://lao.ca.gov/Publications/Report/4134

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - The disagreement resulted in CAPS union membership rejecting a 2014 tentative agreement negotiated with the Brown Administration—something that is incredibly rare in the collective bargaining process—after the Legislature had already ratified the agreement as part of the 2014-15 budget.
https://lao.ca.gov/Publications/Report/4665

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - In addition, the Spending Plan reduces future General Fund costs by using Proposition  2 (2014) required debt payments, rather than the General Fund, to pay for a $243  million unfunded liability pension payment for the California Highway Patrol.
https://lao.ca.gov/Publications/Report/4279

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - The disagreement resulted in CAPS union membership rejecting a 2014 tentative agreement negotiated with the Brown Administration after the Legislature had already ratified the agreement as part of the 2014-15 budget.
https://lao.ca.gov/Publications/Report/4918

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - By 2014, actuaries projected Ca lSTRS ’ assets would be depleted within a few decades. The Legislature passed Chapter  46 of 2014 (A B  1469 , Bonta), establishing a funding plan with the aim of reversing that projection and fully eliminating the Defined Benefit Program ’s unfunded liabilities by 2046.
https://lao.ca.gov/Publications/Report/4887