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

Jun 27, 2025 - The money contributed by the state and employees to prefund the benefit is put in a trust fund. Projections at the time indicated that the benefit would be fully funded by 2046. Under the plan, the assets of the trust fund cannot be used to pay for the benefit until 2046 or whenever the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5060

The 2021-22 Budget: Interest Payment on Federal Unemployment Insurance Loan

Feb 10, 2021 - Under federal law (42 United States Code Section 1322), states are eligible to delay upcoming interest payments on federal UI trust fund loans under certain circumstances. Specifically, if the average state unemployment rate exceeded 7. 5  p ercent during the first six months of the prior calendar year (in this case, January through June 2020), the state may pay 25  p ercent of the interest due.
https://lao.ca.gov/Publications/Report/4360

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

Sep 9, 2025 - These contributions are invested in a trust fund. Under the funding plan, the state may not use the assets of the trust fund to pay benefit costs until 2046 or the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5073

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

Jul 14, 2025 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5064

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 18

Aug 12, 2022 - The administration informs us that the pandemic forced training online, limiting hands-on opportunities. The administration indicates that some components of the training needs to be hands-on in order to be effective.
https://lao.ca.gov/Publications/Report/4617

Repaying the State’s Federal Unemployment Insurance Loan

May 26, 2021 - During recessions, the state ’s UI trust fund can become insolvent as the cost of benefits exceeds employer tax contributions and trust fund reserves are exhausted. Federal law allows states, when they exhaust their state UI trust funds, to receive loans from the federal government to continue paying benefits.
https://lao.ca.gov/Publications/Report/4442

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - The money contributed by the state and employees to prefund the benefit is put in a trust fund. Projections at the time indicated that the benefit would be fully funded by 2046. Under the plan, the assets of the trust fund cannot be used to pay for the benefit until 2046 or whenever the benefit is fully funded, whichever comes first.
https://lao.ca.gov/Publications/Report/5061

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - CalPERS benefits are paid to retired employees (or their beneficiaries) from a trust fund. The trust fund has three revenue sources: returns on invested assets (accounting for 56  percent of CalPERS pension benefit funding); employer contributions (accounting for 33  percent of CalPERS pension benefit funding), which we discuss in greater detail below; and active employee contributions (accounting for 11  percent of CalPERS pension benefit funding).
https://lao.ca.gov/Publications/Report/4920

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

Mar 10, 2022 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4572