The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver

Feb 15, 2024 - This is the state ’s budget . After this plan is put into law, the executive branch executes it on a cash basis. That is, on a daily basis, the state ’s tax agencies collect revenues, the State Controller pays the state ’s bills, and the State Treasurer invests any of the state ’s cash that is currently unused.
https://lao.ca.gov/Publications/Report/4840

The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver [Publication Details]

Feb 15, 2024 - In this brief, we evaluate the Governor’s novel proposal to allow schools to keep $8 billion of cash disbursements above the minimum requirement without recognizing the budgetary impact of those payments.
https://lao.ca.gov/Publications/Detail/4840

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - We estimate that the state ’s total contributions towards employee health premiums in 2023-24 is about $3  billion. Pension. The state pays a percentage of state employee salaries to fund pension benefits.
https://lao.ca.gov/Publications/Report/4814

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - The agreement specifies that, at the state ’s discretion, unused VPLP credits can be cashed out. Make Night Shift Pay Differentiable Included in Calculation of Pension Benefit. Under the current agreement, pay differentials received for working night shifts are not included when calculating employee pension benefits.
https://lao.ca.gov/Publications/Report/4617

Contributions to CalSTRS [EdBudget]

Jan 27, 2022 - PEPRA = Public Employees' Pension Reform Act. 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 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/595

Districts' Pension Contribution Rates and Amounts [EdBudget]

Sep 1, 2021 - Districts' Pension Contribution Rates and Amounts [EdBudget]     a Projections for 2022-23 through 2024-25 are based on CalSTRS' and CalPERS' most recent actuarial valuations (for the fiscal year ending June 30, 2020).
https://lao.ca.gov/Education/EdBudget/Details/544

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 6, 2019 - This pay differential is considered pensionable compensation. The administration estimates this will increase state costs in 2019 ‑20 by $800,000 ($90,000 from the General Fund) and annual state costs by about $1  million in subsequent years.
https://lao.ca.gov/Publications/Report/4094

The 2019-20 Budget: Overview of the California Spending Plan (Final Version)

Oct 17, 2019 - Teachers, administrators, and other certified employees of school districts earn pension benefits from the California State Teachers ’ Retirement System (CalSTRS). Other school district employees, such as clerical staff, also earn pension benefits administered by CalPERS.
https://lao.ca.gov/Publications/Report/4083

MOU Fiscal Analysis: Bargaining Unit 18 (Psychiatric Technicians)

Jan 9, 2020 - For both pensions and retiree health benefits, the state ’s policy generally is that employees and the state each contribute one-half of the normal cost to prefund the benefit and the state takes full responsibility of any unfunded liabilities.
https://lao.ca.gov/Publications/Report/4134