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

Jun 27, 2025 - A future Legislature and Governor could face pressure to use money from the trust fund as soon as it becomes available, e specially to address a budget problem, should one exist in 2046. To the extent that money is drawn from the fund before the benefit is fully funded, the likelihood of the benefit ever becoming fully funded will further diminish.
https://lao.ca.gov/Publications/Report/5060

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - The state currently does not contribute money to employees ’ SPP accounts —either in the form of a match or otherwise. Employees who choose to participate in the program determine (1)  how much money to save, (2)  how to invest the money they have saved, and (3)  how to use these funds in retirement.
https://lao.ca.gov/Publications/Report/3616

Savings Plus Program: An Optional Retirement Benefit for State Employees [Publication Details]

Mar 14, 2017 - We find that, although anyone can benefit from saving money for their retirement, certain groups of state employees--those who work less than a full career, earn lower salaries, and are hired in the future and earn less generous retirement benefits as a result of recent policy changes--could significantly improve their financial security in retirement by saving more money on their own during their working career.
https://lao.ca.gov/Publications/Detail/3616

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details]

May 16, 2017 - As we discuss in this brief, we think the plan would probably save the state money over the long run, although uncertainties remain about the likelihood and magnitude of this benefit. However, the administration is asking the Legislature to approve a large commitment of public resources with insufficient consideration.
https://lao.ca.gov/Publications/Detail/3673

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

Jul 14, 2025 - The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run. In most of the agreements, the state ’s contributions towards the benefit would be fully restored in 2027-28.
https://lao.ca.gov/Publications/Report/5064

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

May 16, 2017 - Contribute Money to CalPERS Over Course of 2017-18. The administration proposes depositing the borrowed money with CalPERS on a periodic basis throughout the 2017-18 fiscal year to accommodate cash flow needs.
https://lao.ca.gov/Publications/Report/3673

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The California Public Employees ’ Retirement System (CalPERS) determines how much money must be contributed each year to fund the pension benefit. There are two components of the total contribution to CalPERS.
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - The money contributed by the state and employees to prefund the benefit is put in a trust fund. Projections at the time indicated that the benefit would be fully funded by 2046. Under the plan, the assets of the trust fund cannot be used to pay for the benefit until 2046 or whenever the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5061

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

Jan 10, 2017 - By assuming less money comes into the system through investment gains, the state will be required to contribute more money to pay for higher normal costs and a larger unfunded liability. . . . Making Proposed Pay Increases More Costly . . .
https://lao.ca.gov/Publications/Report/3520

Job Search, Training, and Work Experience: The Lessons for California From Eight Evaluations of the Work Incentive Program [Publication Details]

Jan 1, 1985 - This report reviews the effectiveness of the Work Incentive (WIN) program, which is designed to help recipients of Aid to Families with Dependent Children (AFDC) find jobs.
https://lao.ca.gov/Publications/Detail/470