A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - Because theoretical assets that determine the state’s share of the unfunded liability fluctuate more than real world assets and because the state’s share of the unfunded liability ($15 billion) is much smaller than the district share ($58 billion), the state share will be relatively sensitive to changes in assets.
https://lao.ca.gov/Publications/Report/3336

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Meanwhile, that calculation, coupled with CalSTRS ’ treatment of the higher teacher contributions required by the funding law, have increased the school and community college district share from $47 billion to $58 billion.
https://lao.ca.gov/Publications/Report/3339

MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - This means that the agreement would be in effect for three fiscal years: 2025-26, 2026-27, and 2027-28. Increases Pay in 2025-26 and 2027-28. The agreement would provide all Unit 18 members a 3  percent General Salary Increase (GSI) effective the first day of the pay period following ratification and an additional 3  percent GSI effective July 1, 2027.
https://lao.ca.gov/Publications/Report/5073

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

Jul 14, 2025 - As a GSI, this pay increase will apply to all steps of all Unit 16 job classifications ’ salary ranges. 2027-28: 3.5  Percent Top Step Increase. Effective July 1, 2027, the agreement would increase the top step of all Unit 16 job classifications ’ pay ranges by 3.5  percent.
https://lao.ca.gov/Publications/Report/5064

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

Sep 1, 2023 - Due to one-time costs associated with provisions of the agreement, 2025 ‑26 would be the highest cost year resulting from the agreement, increasing costs in that year by $152  million ($58  million from the General Fund).
https://lao.ca.gov/Publications/Report/4798

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - This means that the agreement would be in effect for three fiscal years: 2025-26, 2026-27, and 2027-28. Pay Increases. As specified below, the agreement would provide all Unit 9 members pay increases on July 1, 2025 and on July 1, 2027. 2025-26: 3  Percent General Salary Increase (GSI).
https://lao.ca.gov/Publications/Report/5061

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - Firefighters historically worked, on average, four 72-hour workweeks in a 28-consecutive-day cycle. Under the 72-hour duty week, employees receive overtime pay for any hours worked in excess of 212 hours during the 28-day period.
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 14, 2024 - Firefighters typically work —on average —four 72-hour workweeks in a 28-consecutive-day cycle. Employees on a 72-hour duty week receive overtime for all hours worked in excess of 212 hours during the 28-consecutive-day period.
https://lao.ca.gov/Publications/Report/4919

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

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In this report, CalHR surveyed 20 local fire departments—selected at random among 58 California fire departments that employ more than 75 firefighters—and compared total compensation provided to classifications the department identified as similar to the four state classifications.
https://lao.ca.gov/Publications/Report/3534