A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - That is, the assets held by the fund at any one time have been insufficient to cover benefits earned to that date. As of the most recent estimates, CalSTRS would need an additional $72.7 billion in its investment fund to pay for teacher pension benefits earned as of the end of 2013-1 4.
https://lao.ca.gov/Publications/Report/3332

CalSTRS Funding Update

Jul 19, 2018 - A pension system has an unfunded liability when its assets (investments and other holdings) are insufficient to cover its liabilities (the future cost of pension benefits that employees have earned to date).
https://lao.ca.gov/Publications/Report/3873

Update on School District Retiree Health Benefits

Sep 25, 2017 - More specifically, it is the amount of money that, if set aside and invested today, would be sufficient to cover the future cost of retiree health benefits already earned by current and former employees.
https://lao.ca.gov/Publications/Report/3704

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

Feb 2, 2016 - As we understood the plan, districts and the state would share in investment gains and losses roug hly in proportion to the amounts they owe. In other words, when CalSTRS records a large investment gain, we thought most of the gain would be used to reduce the district share of unfunded liabilities with the rest reducing the state share.
https://lao.ca.gov/Publications/Report/3333

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

Feb 2, 2016 - Specifically, the calculation estimates what CalSTRS’ unfunded liabilities would be now if (1) teachers earned less generous pension benefits and (2) the state and teachers had contributed more to CalSTRS’ main pension fund.
https://lao.ca.gov/Publications/Report/3334

The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - For example, the ratio of stock prices to corporate earnings (a measure of how expensive stocks are) is near historically high levels ( Figure  5 ). Investors are borrowing large sums to buy stocks, and households are more invested in the stock market than at any time in at least 70 years.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Three ‑ and four ‑year old children are generally eligible for State Preschool if their family earns at or below the state median income ($109,904 annual income for a family of three and $127,338 annual income for a family of four).
https://lao.ca.gov/Publications/Report/5168

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Over the long term, if investments consistently underperform assumptions —or if CalSTRS reduces its investment return assumption —the state ’s share of the unfunded liability could increase substantially and state contributions could be several billion dollars higher by the 2040s.
https://lao.ca.gov/Publications/Report/3339

CalSTRS Funding: An Update

May 5, 2017 - An unfunded liability exists when the amount of assets a pension program has is insufficient to cover projected liabilities for pension benefits earned to date. Figure  1 displays CalSTRS ’ historical “funded ratio ” —a ratio of assets to liabilities.
https://lao.ca.gov/Publications/Report/3662

The 2025-26 Budget: Department of Developmental Services

Mar 5, 2025 - Providers can earn the 10   percent portion of the rate model from January 1, 2025 through June 30, 2026 by enrolling in DDS ’s new Provider Directory. DDS is in the process of establishing the performance metric(s) that providers will have to satisfy after June  30,  2026 to earn the 10   percent portion of  the  rate.
https://lao.ca.gov/Publications/Report/5008