Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - In other words, the budget action magnifies the risk that —even if CalSTRS ’ board is able to increase the state ’s rate by the maximum of 0.5  percentage points every year through 2046 —the state ’s contributions would be insufficient to completely pay down its share of UAO by the end of the funding plan.
https://lao.ca.gov/Publications/Report/4400

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - In other words, the agreement would lead to increased state annual costs beginning in 2025-26. Greater Increased Annual Costs Beginning in 2027-28. After PLP 2025 expires, the state would begin paying the full effect of the agreed upon pay increase.
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Under federal l aw, state and local government employers may continue to exclude some employees from Social Security coverage, but only if those employees are enrolled in a retirement plan that meets federal regulations requiring at least a specified level of benefits.
https://lao.ca.gov/Publications/Report/4800

The 2022-23 Budget: Assessing Proposals to Address Unemployment Insurance Fraud

Feb 15, 2022 - In the words of the strike team report: “In interviews and observations, stories and anecdotes about fraud and/or suspected fraud were often used to explain why EDD could not act quickly to avoid the growth of the backlog. [ …] There has developed at EDD a culture of allowing fear of fraud to trump all other considerations … ” The department ’s longstanding institutional design
https://lao.ca.gov/Publications/Report/4542

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - In other words, in some years, the maximum supplemental rate that the CalSTRS Board is able to set for the state in that year is lower than what is actuarially required to eliminate unfunded liabilities by 2046.
https://lao.ca.gov/Publications/Report/4887