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

Update on the Progress of the CalSTRS Funding Plan [Publication Details]

Nov 18, 2021 - This post provides an update on the progress of the California State Teachers’ Retirement System (CalSTRS) funding plan.
https://lao.ca.gov/Publications/Detail/4475

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - State ’s Required Contribution Rate Also Projected to Decrease Significantly. Once the state ’s share of UAO is eliminated, the funding plan dictates that the state ’s supplemental contribution rate would be repealed, at which point the state would contribute only the base rate of 2.017 percent for its share of DB program normal costs.
https://lao.ca.gov/Publications/Report/4475

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 2019-20 Budget: The Governor’s Proposed Supplemental Pension Payment to CalPERS

Mar 4, 2019 - State Makes Annual Pension Contributions. The state provides pension benefits to retired state employees through the California Public Employees ’ Retirement System (CalPERS) pension system. CalPERS state pensions are funded by three sources: investment gains, employer contributions from the state, and employee contributions.
https://lao.ca.gov/Publications/Report/3957

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

Supplemental Pension Payments and Deferrals [Publication Details]

Mar 28, 2019 - Supplemental Pension Payments and Deferrals [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/3993

The 2024-25 Budget: California State University

Feb 15, 2024 - CSU Is Directly Responsible for Certain Pension Costs. The California Public Employees’ Retirement System (CalPERS) administers pension benefits for CSU and most other state employees. The CalPERS Board sets employer contribution rates for pensions as a percentage of payroll.
https://lao.ca.gov/Publications/Report/4842

The 2019-20 Budget: The Governor’s Proposed Supplemental Pension Payment to CalPERS [Publication Details]

Mar 4, 2019 - The 2019-20 Budget: The Governor’s Proposed Supplemental Pension Payment to CalPERS [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/3957

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