The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Although the state has already transferred the $1.7  billion payment to CalPERS associated with the 2023 ‑24 Proposition  2 requirement, how the funds would be applied to the state ’s unfunded liability has not yet been determined.
https://lao.ca.gov/Publications/Report/4887

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - The Governor proposes $1.7  billion (across three years) for the Care Economy Workforce Development package. This package consists of a variety of distinct proposed augmentations across several state health and labor entities.
https://lao.ca.gov/Publications/Report/4572

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - As of June 30, 2023, the state and Unit 6 have set aside $1.7 billion in assets to prefund the benefit and the unfunded liability associated with Unit 6 is $15.4 billion. Based on the most recent valuation, the Unit 6 benefit remains on track to be fully funded by 2048.
https://lao.ca.gov/Publications/Report/5058

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

Feb 15, 2022 - At its peak in September 2020, the backlog reached 1.7  million claims. At the Same Time, New Federally Funded UI Benefit Hit by Fraud. At the same time that the backlog of delayed UI  claims was increasing, fraudulent activity in the new federal benefit program for self ‑employed workers spiked.
https://lao.ca.gov/Publications/Report/4542

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

Jun 25, 2021 - The state would contribute 5.9  percent of pay. 2022 ‑23: 1.7  Percent of Pay Withheld From Employees. The state would contribute 5.1  percent of pay. 2023 ‑24: 2.6  Percent of Pay Withheld From Employees.
https://lao.ca.gov/Publications/Report/4446