The 2015-16 Budget: Health Benefits for Retired State Employees - Health Benefits for Retired State Employees: Recommendations [Video]

In these short videos, Senior Fiscal and Policy Analyst Nick Schroeder  explains how  the state  funds retiree health benefits and then discusses recommendations for legislative  consideration going forward.
https://lao.ca.gov/Videos/Player?playlistId=21&videoId=141

The 2015-16 Budget: Health Benefits for Retired State Employees - Health Benefits for Retired State Employees: Background [Video]

View on YouTube . To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Health Benefits for Retired State Employees: Background March 16, 2015
https://lao.ca.gov/Videos/Player?playlistId=21&videoId=140

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - The state currently does not contribute money to employees ’ SPP accounts —either in the form of a match or otherwise. Employees who choose to participate in the program determine (1)  how much money to save, (2)  how to invest the money they have saved, and (3)  how to use these funds in retirement.
https://lao.ca.gov/Publications/Report/3616

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - The administration could be required to provide (1) its best estimates of how much money special funds will need to borrow from the General Fund to make their payments, by year, and how their repayments to the General Fund will be structured, and/or (2) specific plans to change each affected special fund ’s revenues or spending to cover these shortfalls.
https://lao.ca.gov/Publications/Report/3673

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The California Public Employees ’ Retirement System (CalPERS) determines how much money must be contributed each year to fund the pension benefit. There are two components of the total contribution to CalPERS.
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - At its December 2016 meeting, the CalPERS board voted to change a key assumption used in calculating how much money employers and employees must contribute to the pension system each year. Specifically, the board voted to lower the discount rate from 7.5  percent to 7.0  percent over the next three years.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The actual cost will depend on how many employees cash out leave and how much leave they choose to cash out. Provisions From Past Agreements Not Included No Reopener if Other Units Get Higher Pay Increases.
https://lao.ca.gov/Publications/Report/4800

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Supplemental Pensions Payments Employers May Contribute Any Amount of Money Above What Is Required. Pension boards determine —either according to actuarial standards or statutory requirements —how much money employers must contribute to the pension system each year to address any existing unfunded liabilities.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - In the absence of this agreement, employees at the top step would not get pay increases as employees at the top step are not eligible for merit salary adjustments (MSAs). Compounded over the three years, the top step adjustments across the four groups of classifications would result in a total pay increase ranging from 14.6  percent to 23.5  percent.
https://lao.ca.gov/Publications/Report/4918

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - At its December 2016 meeting, the CalPERS board voted to change a key assumption used in calculating how much money employers and employees must contribute to the pension system each year. Specifically, the board voted to lower the discount rate from 7.5  percent to 7.0  percent over the next three years.
https://lao.ca.gov/Publications/Report/3520