The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - Pension Payments on Behalf of School and Community College Districts 2019 ‑20 Budget Act Gave Districts Short- and Long-Term Relief. The 2019 ‑20 Budget Act included $850  million in supplanting payments to help school and community college districts pay their required contributions to CalSTRS and the CalPERS School Pool in 2019 ‑20 and 2020 ‑21.
https://lao.ca.gov/Publications/Report/4279

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

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

Jul 14, 2025 - The PERB Board affirmed the ALJ’s overall conclusion that CCHCS violated the Dills Act, but adjusted the ALJ’s factual findings, legal conclusions, and remedial order. The Board held that CCHCS materially changed terms and conditions of employment and determined, among other things, that CCHCS imposed new duties that were not reasonably comprehended within primary care physician’s previous duties.
https://lao.ca.gov/Publications/Report/5064

The 2018-19 Budget: Statewide Prison to Employment Initiative

Mar 12, 2018 - Employment-related programs consist of: (1)  academic education that provides offenders adult basic education, GED courses, and college-level programs; (2)  Career Technical Education (CTE) that trains offenders for careers in fields such as masonry, carpentry, and auto repair; and (3)  employment preparation that provides job readiness and job search skills for soon-to-be released offenders.
https://lao.ca.gov/Publications/Report/3781

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - California Workforce Development Board. Although not solely focused on the care economy workforce, the Board sets statewide workforce development strategy and oversees state operations of federal workforce initiatives.
https://lao.ca.gov/Publications/Report/4572

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - In November 2014, CalSTRS ’ consulting actuary introduced the details of the proposed funding policy to the CalSTRS board as follows: “This is probably the most difficult thing I’ve had to explain to a board in my entire career.”
https://lao.ca.gov/Publications/Report/3333

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - The CalPERS Board has full rate setting authority to establish required employer contributions, which means that the final rates adopted by the CalPERS Board for 2024 ‑25 would be required under law.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - While “side letters, ” “MOU addenda, ” and “MOUs ” are all rather amorphous terms, the Public Employment Relations Board (PERB) laid out its definition of a side letter in a 2011 PERB decision . In that decision, PERB defines a side letter to mean “an agreement between an employer and union that typically: (1) modifies, clarifies or interprets an existing provision in an MOU; or (2) addresses issues of interest to the parties that are not otherwise covered by the MOU.”
https://lao.ca.gov/Publications/Report/5066

CalSTRS Funding: An Update

May 5, 2017 - Chapter  47 of 2014 (AB 1469, Bonta) increases contributions to CalSTRS made by the state, school and community college districts (referred to as districts in this report), and teachers. The plan aims to fully fund CalSTRS by the mid ‑2040s.
https://lao.ca.gov/Publications/Report/3662

The 2022-23 Budget: UC Climate-Related Proposals

Feb 16, 2022 - For occupations requiring less than a bachelor ’s degree, the state ’s programs are primarily concentrated at high schools, community colleges, and local workforce development boards. These programs identify state and regional workforce needs, support credit and noncredit coursework in career ‑focused fields, and provide a variety of other training opportunities (including apprenticeships).
https://lao.ca.gov/Publications/Report/4538