A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - While fully funding CalSTRS will mean that taxpayers and teachers will contribute billions more in the next few decades, the plan will lower longer-term costs and put CalSTRS on a sustainable path. While we critique various aspects of the plan ’s implementation in this series, we continue to regard the funding plan as a major state accomplishment.
https://lao.ca.gov/Publications/Report/3332

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

Mar 10, 2022 - Furthermore, there are two major pieces of missing information which are key to supporting the rationale for this proposed package. These pieces of information include: (1)  the specific workforce gaps by care economy provider type that exist (accounting for major recent state investments that should produce additional care economy providers) and the extent to
https://lao.ca.gov/Publications/Report/4572

The 2023-24 Budget: Total Compensation Studies

May 24, 2023 - Incorporate Geographic, Total Compensation, and Large Employer Requirements Under One Section of Law. To the extent possible, we recommend delineating all requirements of the biennial compensation study under one section of law.
https://lao.ca.gov/Publications/Report/4773

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - The existence of the funding plan represents a significant accomplishment for the state and has put CalSTRS on a much more sustainable path. However, certain aspects of the funding plan impact its likelihood of success —most notably CalSTRS ’ limited authority to increase the state ’s contribution rate, which is particularly sensitive to volatility in investment returns.
https://lao.ca.gov/Publications/Report/4400

CalSTRS Funding: An Update

May 5, 2017 - While fully funding CalSTRS will mean that taxpayers and teachers will contribute billions more in the next few decades, the plan will lower longer ‑term costs and put CalSTRS on a sustainable path. As such, the funding legislation was a major state accomplishment.
https://lao.ca.gov/Publications/Report/3662

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Since the state ’s UI trust fund may not achieve long-term solvency without statutory changes, one question that arises is what the implications for the state would be if the Legislature ultimately takes no action to increase reserves.
https://lao.ca.gov/Publications/Report/3503/2

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - In contrast, about 15  percent of the separations were resignations where people voluntarily leave one employer but do not exit the workforce (for example, leave an employer to work for a different employer or change career paths).
https://lao.ca.gov/Publications/Report/4078

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - However, as we have said in the past (see our response to the Governor’s initial proposal and our analysis of recent MOUs), we think that there is a less costly path than the one the state chose. The current cost sharing arrangement likely has resulted in higher salaries than otherwise would be the case because pay increases have been used to at least partially offset employee contributions to prefund retiree health benefits.
https://lao.ca.gov/Publications/Report/3847

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - Given the complexity of these issues, this report does not contain explicit recommendations or a specific path forward; rather, it is intended as a framing document to help the Legislature adopt a “climate lens ” across its policy decisions.
https://lao.ca.gov/Publications/Report/4575

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21

Jun 25, 2020 - Various pieces of this package relate to employee compensation and collective bargaining. The package assumes reductions to state employee compensation costs—not to exceed a 10 percent reduction in pay—achieved through collective bargaining or imposed in the case of employees excluded from the collective bargaining process or bargaining units that were not able to reach an agreement at the bargaining table before July 1, 2020.
https://lao.ca.gov/Publications/Report/4257