MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - Lower Costs Today in Exchange for Higher Costs Later. Suspending both the employer and employees ’ contributions to prefund OPEB reduces costs today but contributes to a significant and growing unfunded liability and creates substantial risk that the benefit will not be fully funded by 2047.
https://lao.ca.gov/Publications/Report/5060

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - With Influx of Claims Driving Backlog, Today ’s SIBTF Claimants Might Expect to Wait Ten Years. Injured workers must finalize their subsequent injury workers ’ compensation case before proceeding with their SIBTF claim for additional benefits.
https://lao.ca.gov/Publications/Report/5062

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

Jul 14, 2025 - Lower Costs Today in Exchange for Higher Costs Later. Suspending both the employer and employees ’ contributions to prefund OPEB for two years reduces costs today but contributes to a significant and growing unfunded liability.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - Pay Increases Unit 7 Average Base Pay Slightly Lower Today Than 20 Years Ago. As Figure  2 shows, after controlling for inflation, the average Unit 7 base pay has fluctuated significantly over the past two decades.
https://lao.ca.gov/Publications/Report/4802

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - Compared with spending levels today, the administration estimates that the agreement would result in General Fund savings of $120.2  million in 2025-26 and $69.8  million in 2026-27. After PLP 2025 ends and the state resumes making contributions to prefund OPEB, the administration estimates that the state ’s annual General Fund costs would be $412.2  million higher than today.
https://lao.ca.gov/Publications/Report/5058

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

Feb 2, 2016 - (The calculation also excludes the effects of pension change legislation passed in 2012 known as “PEPRA. ”) If the state had made these different decisions in the past, the calculation shows that CalSTRS ’ unfunded liability would be smaller today.
https://lao.ca.gov/Publications/Report/3333

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The plan today is known as Savings Plus. Through Savings Plus, employees can open a 401(k) and/or a 457(b) account and can choose to make contributions on a pre-tax or post-tax basis to these accounts.
https://lao.ca.gov/Publications/Report/4800

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Similar to what CalHR has done with other bargaining units, the proposed Unit 5 agreement would link the state ’s business and travel reimbursement policy for Unit 5 to the rates established by the U.S.
https://lao.ca.gov/Publications/Report/4920

CalSTRS Funding: An Update

May 5, 2017 - In order to estimate what CalSTRS ’ unfunded liabilities would have been in this theoretical situation, the calculation assumes that CalSTRS ’ investment portfolio is larger than it actually is today.
https://lao.ca.gov/Publications/Report/3662

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Today, the state and employees represented by Unit 9 contribute 2 percent of pay to prefund the benefit for Unit 9 members. As of June 30, 2023, the state and Unit 9 have set aside $370.8 million to prefund the benefit and the unfunded liability associated with Unit 9 is $3.2 billion.
https://lao.ca.gov/Publications/Report/5061