CalSTRS Funding Update

Jul 19, 2018 - In broad strokes, the state is responsible for the share of the unfunded liability that would exist today if no changes had been made to benefits or contributions since 1990. The law makes districts responsible for the unfunded liability created by changes to pension benefits and contribution rates adopted after 1990, but only for benefits earned through 2013-14.
https://lao.ca.gov/Publications/Report/3873

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

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - Because teachers and districts contribute a fixed percentage of payroll, a different choice to assume that teachers would have earned higher salaries would have resulted in more teacher and district contributions to CalSTRS.
https://lao.ca.gov/Publications/Report/3333

The 2025-26 Budget: Educator Workforce

Mar 7, 2025 - The math coaching proposal does not require that all grant funds be used to support the specific schools with high EL/LI shares that meet the criteria for funding. LEAs would be allowed to direct the funding to other schools with lower EL/LI shares.
https://lao.ca.gov/Publications/Report/5012

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - Three ‑ and four ‑year old children are generally eligible for State Preschool if their family earns at or below the state median income ($109,904 annual income for a family of three and $127,338 annual income for a family of four).
https://lao.ca.gov/Publications/Report/5168

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - The Governor ’s proposes borrowing $6 billion from the state investment pool —an account that invests money from the state and local governments —and use this money to pay down a small portion of state pension liabilities.
https://lao.ca.gov/Publications/Report/3669

Overview of K-12 Career Technical Education

Mar 25, 2025 - For K ‑12 SWP, funding is allocated from the California Community Colleges Chancellor ’s Office to eight SWP regional consortia based on each region ’s unemployment rate, share of statewide attendance in grades 7 ‑12, and share of projected job openings.
https://lao.ca.gov/Publications/Report/5021

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 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