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

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - In 2010-11, the state made changes to pension formulas for future hires and increased contribution rates for existing employees. For example, see the 2010 agreement with Service Employees International Union, Local 1000 (Local 10000), which increased employee contributions from 5 percent of pay to 8 percent of pay and reduced pension benefits for future hires.
https://lao.ca.gov/Publications/Report/5047

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

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

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - 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. As of December 2024, Unit 6 members have 131,427 hours of unused furlough or PLP hours in their leave balances.
https://lao.ca.gov/Publications/Report/5058

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - The administration reports tha t, since 2010, there have been a total of 19 apprentice appointments with the last apprenticeship being completed in August 2021. The departments that employed apprentices during this time included the State Compensation Insurance Fund and the Departments of General Services, State Hospitals, Developmental Services, and Public Health.
https://lao.ca.gov/Publications/Report/4607

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The normal cost is driven by (1)  the design of the pension benefit (in other words, the terms of the benefit) and (2)  the actuarial assumptions used to calculate normal cost. While different pension systems might use different assumptions —for example, different assumptions related to future investment returns —that affect the normal cost, they also have different policies —for example, different mixes of asset classes in their investment portfolios.
https://lao.ca.gov/Publications/Report/4800

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - For example, an estimated  172 million trees have died in California’s forests since 2010 due to multiple years of low moisture and drought conditions, high temperatures, and resulting bark beetle infestations.
https://lao.ca.gov/Publications/Report/4575