Proposition 2 [Ballot]

Nov 3, 2026 - State debts are repaid over time, usually according to a schedule or plan. Each year, the state makes payments toward its debts. State Constitution Requires the State to Make Extra Debt Payments Toward Pension and Health Benefits.
https://lao.ca.gov/BallotAnalysis/Proposition?number=2&year=2026

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - State ’s Required Contribution Rate Also Projected to Decrease Significantly. Once the state ’s share of UAO is eliminated, the funding plan dictates that the state ’s supplemental contribution rate would be repealed, at which point the state would contribute only the base rate of 2.017 percent for its share of DB program normal costs.
https://lao.ca.gov/Publications/Report/4475

Proposition 40 [Ballot]

Nov 3, 2026 - Real estate, pensions, and retirement accounts generally would be excluded from the tax. Most of the Money Must Be Spent on Health Care. The state would decide how and when to spend the money from the wealth tax, but it would have to be spent on certain types of services.
https://lao.ca.gov/BallotAnalysis/Proposition?number=40&year=2026

The 2019-20 Budget: The Governor’s Proposed Supplemental Pension Payment to CalPERS

Mar 4, 2019 - State Makes Annual Pension Contributions. The state provides pension benefits to retired state employees through the California Public Employees ’ Retirement System (CalPERS) pension system. CalPERS state pensions are funded by three sources: investment gains, employer contributions from the state, and employee contributions.
https://lao.ca.gov/Publications/Report/3957

The 2026-27 Budget: California State University

Feb 24, 2026 - Pension Contribution Rates Have Remained Relatively Flat in Recent Years. CalPERS additionally administers pension benefits for CSU and most other state employees. The CalPERS Board sets employer contribution rates for pensions as a percentage of payroll.
https://lao.ca.gov/Publications/Report/5142

California State University Core Funding by Source [EdBudget]

Aug 6, 2026 - California State University Core Funding by Source [EdBudget] a Includes funding for pensions and retiree health benefits. b Reflects CSU data. Includes funds used for student financial aid. c Reflects enrollment on a full-time equivalent (FTE) basis.
https://lao.ca.gov/Education/EdBudget/Details/1113

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - The 2020-21 Spending Plan: Pensions Pensions CalPERS Repurposes Prior-Year Supplemental Payment. The 2019 ‑20 budget plan included a $2.5  billion supplemental pension payment to the California Public Employees ’ Retirement System (CalPERS) to reduce the state ’s long-term unfunded liabilities.
https://lao.ca.gov/Publications/Report/4279

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Under the Public Employees ’ Pension Reform Act of 2013 (PEPRA), the state has a standard that state employees pay one-half of the normal cost of their pension benefit and the state pays one-half of the normal cost.
https://lao.ca.gov/Publications/Report/4800

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Appendix Glossary of Key Terms Related to Pension Funds Throughout this report, we refer to terms commonly used when describing pension funds. We define those key terms here, in reference to the California State Teachers ’ Retirement System (CalSTRS).
https://lao.ca.gov/Publications/Report/4400