A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - Resolution Chapter 123, Statutes of 2012 (SCR 105, Negrete McLeod): (1) declared the intent of the Legislature to address CalSTRS ’ long-term funding needs and (2) encouraged CalSTRS to develop options to address those needs.
https://lao.ca.gov/Publications/Report/3332

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - Figure 1 displays CalSTRS ’ projections of the state and district shares of unfunded liabilities under a sample of simulations reflecting average investment returns of between 5.6 percent and 10.9 percent.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - The administration ’s estimates assume that 123 rank-and-file employees would receive this payment and 19 excluded employees would receive the payment —increasing annual state costs by about $1.8  million.
https://lao.ca.gov/Publications/Report/4920

The 2016-17 Budget: Labor Code Private Attorneys General Act Resources

Mar 25, 2016 - Figure  1 displays the amount of PAGA penalties received by the LWDF in recent years. Figure 1 PAGA Penalties Deposited in the Labor and Workforce Development Fund (In Millions) 8.4 PAGA = Private Attorneys General Act.
https://lao.ca.gov/Publications/Report/3403

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Should a recession occur, trust fund reserves would be lower than displayed here. Meeting DOL Reserve Expectations Is Not Mandatory. The example provided above is based on a trust fund reserve target equivalent to an AHCM of 1.0, DOL ’s minimum acceptable level of reserves.
https://lao.ca.gov/Publications/Report/3503/3

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Figure  1 displays revised 2018 ‑19 and 2019 ‑ 20 b udget estimates as well as proposed estimates for 2020 ‑21. At the bottom of the figure, we display the total reserves planned for the end of 2020 ‑21 under the administration ’s estimates and assumptions.
https://lao.ca.gov/Publications/Report/4135

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - EDD projections based on an unemployment rate scenario provided by our office suggest that a recession beginning in 2018 with unemployment levels similar to what was observed in the early 2000s (following the “dot.com ” bust) could reduce trust fund reserves over a few years from the 2018 year-end level displayed in Figure  1 by about $1.4  billion —enough to significantly deplete, but not exhaust, the reserves projected to be accumulated by that point.
https://lao.ca.gov/Publications/Report/3503/2

CalSTRS Funding: An Update

May 5, 2017 - Figure  1 displays CalSTRS ’ historical “funded ratio ” —a ratio of assets to liabilities. CalSTRS has been inadequately funded for almost all of its 100 ‑plus year history. Recent Legislation Aims to Fully Fund CalSTRS by Mid ‑2040s.
https://lao.ca.gov/Publications/Report/3662

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Jun 24, 2016 - The estimates displayed in the figure are slightly different than what was submitted by the administration to the Legislature on June 15, 2016. The administration provided our office updated estimates to address questions we raised about the initial estimates.
https://lao.ca.gov/Publications/Report/3486

The 2018-19 Budget: Statewide Prison to Employment Initiative

Mar 12, 2018 - Figure  2 displays the different types of priority jobseekers, including ex-offenders, who received job services in 2016 ‑17. Stable Employment Key to Success for Ex-Offenders . . . Research indicates that stable employment is a key to successful reentry back into the community for offenders that have been released recently from state prison or county jail.
https://lao.ca.gov/Publications/Report/3781