A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - These recent developments illustrate the counterintuitive results of the odd calculation central to the CalSTRS funding plan. We note that the calculation will become even more complex next year, as CalSTRS will begin to calculate the size of a second theoretical investment portfolio that will be factore d into the district share of the unfunded liability.
https://lao.ca.gov/Publications/Report/3334

The 2021-22 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 18, 2020 - Although these increases might seem at odds with high levels of unemployment, they are consistent with the more stable employment picture for high ‑income workers, who account for a large share of state tax payments.
https://lao.ca.gov/Publications/Report/4298