The 2025-26 Budget: Concession Bargaining

May 19, 2025 - In 2013, under the Public Employees’ Pension Reform Act (PEPRA), the state established a standard that state employees would contribute one-half of the normal cost of pension benefits and adopted a new (lower) pension benefit for new state employees.
https://lao.ca.gov/Publications/Report/5047

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

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

Jun 27, 2025 - For example, the state pays a percentage of employees ’ pay to fund pension benefits. During a furlough, the state ’s contributions towards pension benefits is made as a percentage of the reduced salary.
https://lao.ca.gov/Publications/Report/5060

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - By both of these measures, the Highway Patrol pension plan is the most volatile of the state ’s pension plans. State Makes Regular SPPs to All State Employee Pension Plans Except Highway Patrol. As mentioned earlier, an SPP is when an employer contributes more than is actuarially required towards a pension plan.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Under the Public Employees ’ Pension Reform Act of 2013 (PEPRA), the state has a standard that state employees pay one-half of the normal cost of their pension benefit and the state pays one-half of the normal cost.
https://lao.ca.gov/Publications/Report/4800

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - The 2020-21 Spending Plan: Pensions Pensions CalPERS Repurposes Prior-Year Supplemental Payment. The 2019 ‑20 budget plan included a $2.5  billion supplemental pension payment to the California Public Employees ’ Retirement System (CalPERS) to reduce the state ’s long-term unfunded liabilities.
https://lao.ca.gov/Publications/Report/4279

The 2024-25 Budget: Proposition 2 Debt Payment Proposals [Publication Details]

Mar 20, 2024 - This report evaluates the Governor’s Proposition 2-related debt and liabilities payment proposals.
https://lao.ca.gov/Publications/Detail/4887

The 2020-21 Spending Plan: Pensions [Publication Details]

Oct 12, 2020 - The 2020-21 Spending Plan: Pensions [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4279

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol) [Publication Details]

Aug 23, 2024 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 5 (Highway Patrol). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Jun 23, 2025 - For example, the state pays a percentag e of employees ’ pay to fund pension benefits. During a furlough, the state ’s contributions towards pension benefits is made as a percentage of the reduced salary.
https://lao.ca.gov/Publications/Report/5058