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

Jul 14, 2025 - (The General Fund share of these costs are paid from the state ’s required annual debt payments under Proposition  2 [2014].) The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run.
https://lao.ca.gov/Publications/Report/5064

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - The disagreement resulted in CAPS union membership rejecting a 2014 tentative agreement negotiated with the Brown Administration—something that is incredibly rare in the collective bargaining process—after the Legislature had already ratified the agreement as part of the 2014-15 budget.
https://lao.ca.gov/Publications/Report/4665

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - The disagreement resulted in CAPS union membership rejecting a 2014 tentative agreement negotiated with the Brown Administration after the Legislature had already ratified the agreement as part of the 2014-15 budget.
https://lao.ca.gov/Publications/Report/4918

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - By 2014, actuaries projected Ca lSTRS ’ assets would be depleted within a few decades. The Legislature passed Chapter  46 of 2014 (A B  1469 , Bonta), establishing a funding plan with the aim of reversing that projection and fully eliminating the Defined Benefit Program ’s unfunded liabilities by 2046.
https://lao.ca.gov/Publications/Report/4887

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

Sep 9, 2025 - (The General Fund share of these costs are paid from the state ’s required annual debt payments under Proposition  2 [2014].) In addition, all but the agreement with Unit 6 (Corrections) also suspend the employee contribution.
https://lao.ca.gov/Publications/Report/5073

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

Jun 27, 2025 - Figure 1 Administration ’s Estimated Fiscal Effect of Proposed Unit 12 Agreement (In Millions) Extension of Terms to Excluded Employees b ‑2.3 $18.4 $52.0 a State General Fund retiree health prefunding costs are paid using funds required to be expended under Proposition 2 (2014). b This is an indirect cost that would result from the agreement being ratified.
https://lao.ca.gov/Publications/Report/5060

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Although the 2014 funding plan has facilitated significant progress in terms of CalSTRS ’ ability to address UAO, after several years of the funding plan being in place, some key challenges have been revealed.
https://lao.ca.gov/Publications/Report/4400

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - With the exception of 2019, the years from 2014 through 2020 experienced the six highest average annual temperatures ever recorded in the state. Moreover, average summer temperatures in California were the hottest on record in 2021, breaking the previous June ‑through ‑August record set in 2017.
https://lao.ca.gov/Publications/Report/4575

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - (For our analysis of issues related to pension payments under Proposition  2 [2014], see our report The 2024‑25 Budget: Proposition 2 Debt Payment Proposals .) Specifically, this analysis looks at the Governor’s 2024‑25 budget proposals to (1) use vacancy rates to identify one-time unallocated spending reductions across state departments, (2) eliminate the telework stipend
https://lao.ca.gov/Publications/Report/4888

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - 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. Highway Patrol is excluded from these Proposition 2 SPPs because Highway Patrol is funded entirely by non-General Fund state funds.
https://lao.ca.gov/Publications/Report/4920