MOU Fiscal Analysis: Bargaining Units 10 (Professional Scientists) and 18 (Psychiatric Technician)

Sep 9, 2025 - These contributions are invested in a trust fund. Under the funding plan, the state may not use the assets of the trust fund to pay benefit costs until 2046 or the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5073

Refocusing the Workers’ Compensation Subsequent Injury Program

Jul 10, 2025 - Limit SIBTF Claims to Pre ‑Existing Disabilities That Interact With the Work Injury. Under current program rules, workers can qualify for SIBTF benefits even if the pre ‑existing condition does not interact with (or worsen the impact of) the work injury.
https://lao.ca.gov/Publications/Report/5062

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - (Community health workers are trained health educators who work directly with individuals who may have difficulty understanding or interacting with health care providers due to cultural or language barriers to increase their engagement with the health care system.)
https://lao.ca.gov/Publications/Report/4572

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

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - In each of these months, Unit 6 members’ pay was reduced by between 4.62 percent and 13.86 percent. Between 2009-10 and 2010-11, Unit 6 members’ pay was reduced by 13.86 percent for 20 of the 24 months across the two fiscal years.
https://lao.ca.gov/Publications/Report/5058

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - The agreement specifies CalHR and Local 2881 “to meet on or before February 1, 2026 to allow CAL FIRE Local 2881 an opportunity to present a DROP program to the State. ” We describe DROP policies in the “LAO Comments ” section.
https://lao.ca.gov/Publications/Report/5066

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The first is payment towards the “normal cost, ” which is the amount of money that actuaries determine (based on actuarial assumptions like expected investment returns on assets) must be contributed to prefund the benefit earned by employees today.
https://lao.ca.gov/Publications/Report/5047

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - As a result of how CalSTRS implements the division of responsibility for unfunded liabilities between the state and employers, the state ’s share —and consequently the state ’s supplemental rate —is particularly sensitive to investment return volatility.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Depending on how actual experience between now and 2029-30 deviates from actuarial assumptions (for example, investment returns), the state’s contribution could be higher or lower than currently projected.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The primary difference between the two plans is (1)  who makes investment decisions and (2)  who bears the risk of investment losses. In the case of a defined benefit plan, the employer chooses how the funds are invested and bears all the risk of investment loss —the employee is provided a guaranteed annuity in retirement.
https://lao.ca.gov/Publications/Report/4800