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

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

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

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

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 2022-23 Budget: College and Career Proposals

Feb 23, 2022 - By graduating high school having already earned college credits, students can save money and accelerate progress toward a postsecondary degree or certificate. Dual enrollment has various models. California ’s two most widely used models are traditional dual enrollment and College and Career Access Pathways (CCAP).
https://lao.ca.gov/Publications/Report/4562

CalSTRS Funding: An Update

May 5, 2017 - Figure  3 shows how much each of these five factors contributed to the increase in unfunded liability. We describe these factors below. Investment Return and Other Economic Assumptions Investment Return Is Most Important Assumption.
https://lao.ca.gov/Publications/Report/3662

The 2025-26 Budget: Department of Developmental Services

Mar 5, 2025 - While these recommendations form a key starting point, the Master Plan cannot be put into action without initiative from the administration. A critical missing piece, therefore, is a roadmap for how to translate the community ’s recommendations into a workable set of policy and budget proposals for legislative consideration.
https://lao.ca.gov/Publications/Report/5008

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Imputed interest includes investment income earned on insurance policies, the value of implicit services provided by banks and other lenders, and interest earned on employee pension plans. Transfer Payments.
https://lao.ca.gov/Publications/Report/3548