An Analysis of University Cash Management Issues

Nov 10, 2020 - UC Has Been Borrowing to Make Pension Contributions. In addition to shifting funds into its long-term investment account, UC has borrowed funds internally from its short-term investment account and externally using bonds to help make its annual pension contributions.
https://lao.ca.gov/Publications/Report/4293

Districts' Pension Contribution Rates and Amounts [EdBudget]

Jul 29, 2024 - CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees’ Retirement System. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/890

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 14, 2024 - The state has experienced some of the most severe wildfire seasons in its history in recent years. These wildfires have placed significant strains on the state ’s firefighters, many of whom have been asked to work for extended periods with few breaks.
https://lao.ca.gov/Publications/Report/4919

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - The agreement specifies that these pay differentials would not affect employee pension benefits. Treatment of Some Pay Differentials. Depending on the specific pay differential, an employee and the state employer might be required to contribute a portion of the payment towards Social Security, Medicare, or the employee ’s pension benefit.
https://lao.ca.gov/Publications/Report/4918

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - For example, major categories of cost shifts in the Governor’s budget include proposals to: defer one month of state employee payroll from June to July, which results in $1.6 billion in one‑time savings; redirect a $1.3 billion supplemental pension payment made under the requirements of Proposition 2 for actuarially required contributions to the California Public Employee Retirement System, and $1.2 billion in special fund loans.
https://lao.ca.gov/Publications/Report/4825

Public sector unions and collective bargaining. [Ballot]

Sep 28, 2021 - Pension Benefits State and Local Governments Sponsor “Defined Benefit ” Pension Plans for Their Employees. Most full-time public employees earn a defined benefit pension that guarantees the employee a certain level of income after they retire.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-008

MOU Fiscal Analysis: Bargaining Unit 19 (Health and Social Services/Professional)

Sep 1, 2023 - Other Major Provisions Reduced Employee Pension Contributions to Align With PEPRA Standard. The Public Employees ’ Pension Reform Act (PEPRA) established a standard, but not a requirement, that employees and the state each contribute one-half of the normal cost to fund employee pension benefits.
https://lao.ca.gov/Publications/Report/4797

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Sep 7, 2023 - The Public Employees ’ Pension Reform Act established a standard, but not a requirement, that employees and the state each contribute one-half of the normal cost to fund employee pension benefits. The actual rates paid by state employees varies and has been established through the collective bargaining process.
https://lao.ca.gov/Publications/Report/4801

The 2022-23 Budget: Overview of the Governor's Higher Education Budget Proposals

Jan 26, 2022 - Community colleges’ pension rates, however, also are increasing in 2022‑23 at an unusual pace (approximately 2 or 3 percentage points, depending upon the pension system). The relatively high rate increases are due to previously provided state pension relief ending, combined with long‑term plans by the pension systems to continue paying down large unfunded liabilities.
https://lao.ca.gov/Publications/Report/4499

Funding for students attending private schools. [Ballot]

Nov 2, 2023 - Similar to the state, public schools also make pension contributions that include both of these components. (Most other public school employees also qualify for pensions when they retire, but the state does not help fund these pensions directly.)
https://lao.ca.gov/BallotAnalysis/Initiative/2023-026