The 2023-24 Budget: Total Compensation Studies

May 24, 2023 - Specifically, we recommend that the compensations study for (1)  Units 2, 5, 6, 7, 8, 9, 10, 12, 13, and 19 be submitted on February 1, 2025 and every odd-numbered year thereafter and (2)  Units 1, 3, 4, 11, 14, 15, 16, 17, 18, 20, and 21 be submitted on February 1, 2026 and every even-numbered year thereafter.
https://lao.ca.gov/Publications/Report/4773

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

Feb 2, 2016 - These recent developments illustrate the counterintuitive results of the odd calculation central to the CalSTRS funding plan. We note that the calculation will become even more complex next year, as CalSTRS will begin to calculate the size of a second theoretical investment portfolio that will be factore d into the district share of the unfunded liability.
https://lao.ca.gov/Publications/Report/3334

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Aug 26, 2019 - In fact, the department includes its challenges in finding staff to maintain buildings —particularly in high cost of living regions of the state —as one of the reasons it is proposing to divest the state from a number of office buildings—particularly in high cost of living regions of the state.
https://lao.ca.gov/Publications/Report/4090

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - The largest factors driving these cost increases have been (1)  the rapid growth in health premiums and (2)  the growing number of people receiving the benefit as more employees retire and people live longer in retirement.
https://lao.ca.gov/Publications/Report/5061

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - Low ‑income residents also are more likely to live in older housing that requires modifications —such as air conditioning or more fire ‑resistant exteriors —to adapt to increased risks. Notably, low ‑income residents also are more likely to live in rental housing, and thus more likely to be reliant on landlords to conduct modifications to their homes to mitigate the effects of climate change.
https://lao.ca.gov/Publications/Report/4575

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - The largest factors driving these cost increases have been (1)  the rapid growth in health premiums and (2)  the growing number of people receiving the benefit as more employees retire and people live longer in retirement.
https://lao.ca.gov/Publications/Report/5058

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - As a result, often, salaries are more competitive in regions with lower costs of living, whereas salaries in more expensive regions are less competitive. In contrast, Unit 5 receives salary increases based on labor market trends in counties with high costs of living despite roughly 70 percent of Unit 5 members working in counties that are not included in the survey.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Some of the key factors to consider when assessing retirement security include: the individual ’s expected lifespan, the age at which an individual retires. the standard of living the individual expects to live in retirement, the individual ’s savings level upon retirement, and any employer-sponsored pension or other income benefit.
https://lao.ca.gov/Publications/Report/4800

CalSTRS Funding: An Update

May 5, 2017 - To the extent that teachers live longer than was expected during their careers, contributions made by them and their employers —combined with investment returns on those contributions —will be insufficient to pay for their pension benefits for the portion of their lives that extend beyond their assumed life expectancy.
https://lao.ca.gov/Publications/Report/3662

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

Jul 14, 2025 - The largest factors driving these cost increases have been (1)  the rapid growth in health premiums and (2)  the growing number of people receiving the benefit as more employees retire and people live longer in retirement.
https://lao.ca.gov/Publications/Report/5064