The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - In addition, the 2017 ‑18 budget package authorized a plan to borrow $6  billion from the state ’s cash resources to make a one ‑time supplemental payment to CalPERS. The state ’s repayments on this borrowing plan, although not technically pension payments, are also considered eligible for Proposition  2 requirements.
https://lao.ca.gov/Publications/Report/4887

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis August 25, 2022 Unit 2 (Attorneys) MOU Analysis On August 22, 2022, our office received a proposed memorandum of understanding (MOU) between the state and Bargaining Unit 2 (Attorneys and Hearing Officers).
https://lao.ca.gov/Publications/Report/4619

Unit 2 (Attorneys) MOU Analysis [Publication Details]

Aug 25, 2022 - Unit 2 (Attorneys) MOU Analysis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4619

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

May 16, 2017 - Other funds would begin making payments in 2018-19 and would later proportionally compensate the General Fund for the 2017-18 payment. Figure  5 shows the administration ’s projections of future principal and interest payments until 2024-25.
https://lao.ca.gov/Publications/Report/3673

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Jun 24, 2016 - The proposed agreement would increase pay by a specified percentage for all Unit 7 members on three separate occasions —3  percent on July 1, 2016, 3  percent on July 1, 2017, and 2  percent on July 1, 2018.
https://lao.ca.gov/Publications/Report/3486

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

Jul 14, 2025 - Between 2000-01 and 2024-25, the state ’s inflation-adjusted General Fund pay-as-you-go cost towards these benefits increased by more than 250  percent to $2.8  billion. 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

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

Aug 29, 2016 - Under the agreement, employees first hired by the state in or after 2017 will not receive any state contribution for health and dental b enefits in retirement unless they work for 15 or more years. After 15 years of service, these workers would receive 50  percent of the revised maximum state contribution to retirement, with this amount growing each year until it reaches 100  percent of the revised maximum contribution if they retire after 25 or more years.
https://lao.ca.gov/Publications/Report/3495

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Apr 4, 2016 - The proposed agreement would increase this pay differential by 1 percent of pay so that an employee with 17 years of service would receive a 2 percent pay differential and employees with 25 or more years of service would receive a 9 percent pay differential.
https://lao.ca.gov/Publications/Report/3409

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Such one-time SPPs to the Highway Patrol plan have included the 2017-18 plan to borrow funds to make SPPs to all pension plans and SPPs required by the current MOU . However, the state regularly appropriates SPPs to satisfy General Fund constitutional debt repayments required under Proposition 2 (2014) to the four pension plans other than Highway Patrol.
https://lao.ca.gov/Publications/Report/4920

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

Jun 10, 2016 - The agreement does not change the vesting schedule established in 2010, meaning that employees hired after 2017 must work 15 years to receive half of the 80/80 benefit in retirement and 25 years to receive the full 80/80 benefit in retirement.
https://lao.ca.gov/Publications/Report/3482