MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - In the case of retiree health benefits, the state pays a percentage of pay towards normal cost (specified in labor agreements and matched by employees) to prefund the benefit and it pays the unfunded liability on a “pay-as-you-go ” basis where it pays out the claims cost for existing retirees.
https://lao.ca.gov/Publications/Report/4800

CalSTRS Funding: An Update

May 5, 2017 - This could be thought of as accelerating life expectancy improvements that CalSTRS would have otherwise assumed in the future into today ’s assumptions. The new approach aims to ensure that contributions from teachers and employers made during teachers ’ working lives are sufficient to cover the costs of their pension benefits, and thus should help avoid unfunded liabilities in the future.
https://lao.ca.gov/Publications/Report/3662

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Then, any additional state funding could be better targeted to fill any funding gaps, provide any necessary state matching funds to maximize federal funds, and ensure funding is distributed across projects of different types at all ports statewide in a manner consistent with the Legislature’s priorities.
https://lao.ca.gov/Publications/Report/4540

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - In addition, an optional deferred compensation program —known today as the Savings Plus Plan —has existed since 1974 in order to encourage retirement savings and increase savings options available to state employees.
https://lao.ca.gov/Publications/Report/3616

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

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/5060

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

Jul 14, 2025 - Lower Costs Today in Exchange for Higher Costs Later. Suspending both the employer and employees ’ contributions to prefund OPEB for two years reduces costs today but contributes to a significant and growing unfunded liability.
https://lao.ca.gov/Publications/Report/5064

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

Jan 10, 2017 - Unit 12: Rejected Agreement vs. Proposed Agreement Last year, the Legislature ratified a tentative agreement between the state and Unit 12. This agreement did not go into effect, however, because it subsequently was rejected by Unit 12 members.
https://lao.ca.gov/Publications/Report/3520

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 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

MOU Fiscal Analysis: Bargaining Unit 2 (Attorneys and Hearing Officers)

Aug 29, 2016 - While the administration ’s plan seems to be to keep making pay-as-you-go benefit payments for many years, the new arrangement would begin to fund “normal costs ” each year for the future retiree health benefits earned by today ’s Unit 2 workers.
https://lao.ca.gov/Publications/Report/3495