Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - The proposed amount —equivalent to 0.5  percent of estimated creditable compensation —effectively would make up for the fact that the state ’s rate will be 0.5  percentage points lower in 2021 ‑22 than it would have been in absence of the 2020 ‑21 rate increase suspension.
https://lao.ca.gov/Publications/Report/4400

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

Jun 27, 2025 - While the agreement would allow for the contribution rate to be adjusted, those adjustments would be limited to 0.5  percent per year. This constraint makes it even less likely full funding can be achieved by 2046.
https://lao.ca.gov/Publications/Report/5060

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

Sep 9, 2025 - The proposed agreement would reestablish the pay increases for employees at the top step of their salary range and increase by 0.5  percentage points, to a total 3.5  percent, the pay increase received by employees not at the top step.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 19 (Health and Social Services/Professional)

Sep 1, 2023 - The proposed agreement would reduce Unit 19 members’ employee contribution rates towards their pension benefits by 0.5 percent of pay effective July 1, 2024 and again July 1, 2025. Effective July 1, 2026, similar to what has been adopted for other bargaining units, the employee contribution rate would be reevaluated each year to maintain the standard that employees pay one-half of normal cost.
https://lao.ca.gov/Publications/Report/4797

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - As a result of this provision, the state and employee contributions to prefund retiree health benefits would decrease 0.5  percent of pay from 3.9  percent of pay to 3.4  percent of pay. Other Major Issues Allows for Reopening of Agreement to Address Issues With California State Payroll System.
https://lao.ca.gov/Publications/Report/4607

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Sep 7, 2023 - The proposed agreement would reduce Unit 16 members’ employee contribution rates towards their pension benefits by 0.5 percent of pay effective July 1, 2024 and again July 1, 2025. Effective July 1, 2026, similar to what has been adopted for other bargaining units, the employee contribution rate would be reevaluated each year to maintain the standard that employees pay one-half of normal cost.
https://lao.ca.gov/Publications/Report/4801

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

Sep 1, 2023 - The proposed agreement would reduce Unit 12 members’ employee contribution rates towards their pension benefits by 0.5 percent of pay effective July 1, 2024 and again July 1, 2025. Effective July 1, 2026, similar to what has been adopted for other bargaining units, the employee contribution rate would be reevaluated each year to maintain the standard that employees pay one-half of normal cost.
https://lao.ca.gov/Publications/Report/4798

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - The CalSTRS Board may increase the state ’s supplemental rate by no more than 0.5  percent of creditable compensation annually, and may increase or decrease employers ’ supplemental rate by no more than 1  percent of creditable compensation annually.
https://lao.ca.gov/Publications/Report/4887

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - This analysis reviews 20 labor agreements received by the Legislature between June 9 and June 15, 2021. The analysis summarizes and provides comments on the agreements. In addition, the analysis provides overarching comments across the 20 agreements and offers recommendations to the Legislature.
https://lao.ca.gov/Publications/Report/4446