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

Sep 9, 2025 - The agreement would end the telework stipend currently available to Unit 10 members. (The stipend provides remote-centered workers $50 per month and office-centered workers $25 per month.) Unit 18 Term.
https://lao.ca.gov/Publications/Report/5073

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - The state is responsible to pay for any unfunded liabilities associated with the pension benefits it provides state employees. As such, if the state were to incorporate a DROP as part of its compensation package to Uni t 8 members, the state would bear the risks associated with the program (for example, if actual investment returns fell short of the interest rate applied to funds in a DROP account).
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - If the agreement is not ratified, that $206.8  million would be invested in the prefunding trust fund and given the next two decades to grow. If the fund averaged an annual return of 5  percent over the next 20 years, the $206.8  million would more than double to nearly $550  million.
https://lao.ca.gov/Publications/Report/5058

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

Jul 14, 2025 - Effective the first day of the pay period following ratification, the agreement would provide all Unit 16 members a GSI of 3  percent. As a GSI, this pay increase will apply to all steps of all Unit 16 job classifications ’ salary ranges. 2027-28: 3.5  Percent Top Step Increase.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - Effective the first day of the pay period following ratification, the proposed agreement would provide Unit 10 members who are employed by the California Department of Forestry and Fire Protection (CalFire) and are Fireline qualified a pay differential equivalent to a one-step increase when CalFire has declared summer preparedness for the employee ’s unit.
https://lao.ca.gov/Publications/Report/4918

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - As specified below, the agreement would provide all Unit 9 members pay increases on July 1, 2025 and on July 1, 2027. 2025-26: 3  Percent General Salary Increase (GSI). Effective July 1, 2025, the agreement would provide all state employees represented by Unit 9 a 3  percent pay increase.
https://lao.ca.gov/Publications/Report/5061

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

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

Jun 27, 2025 - While a top step increase applies only to employees at the top step of their salary range, a GSI applies to all members of the bargaining unit. Accordingly, while the proposed agreement provides a lower pay increase than the current MOU, it provides the pay increase to more Unit 12 members.
https://lao.ca.gov/Publications/Report/5060

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 - CalSTRS is the world ’s largest educator ‑only pension system, administering the $315  billion Teachers ’ Retirement Fund for more than 1  million members and beneficiaries (as of June 2023). CalSTRS ’ 12 ‑member Teachers ’ Retirement Board (CalSTRS Board) administers the fund and is constitutionally responsible for overseeing the system ’s investment policies and ensuring that benefit payments are made on time and according to law.
https://lao.ca.gov/Publications/Report/4887