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

Jul 14, 2025 - As of June 30, 2023, the state and Unit 16 have set aside $78 million to prefund the benefit and the unfunded liability associated with Unit 16 is $365 million. The most recent actuarial valuation of Unit 16 retiree health benefits (as of June 30, 2023) estimates that the Unit 16 funding plan is now on track to fully fund Unit 16 retiree health benefits by 2042.
https://lao.ca.gov/Publications/Report/5064

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - Under the working plan, the General Fund would cover repayments on behalf of both itself and associated special funds in 2017-18 with a $427  million repayment (consisting of a $365  million principal payment plus a $62  million interest payment) counted toward Proposition  2 debt payment requirements.
https://lao.ca.gov/Publications/Report/3673