The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - The 2019 ‑20 Budget Act included $850  million in supplanting payments to help school and community college districts pay their required contributions to CalSTRS and the CalPERS School Pool in 2019 ‑20 and 2020 ‑21.
https://lao.ca.gov/Publications/Report/4279

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal LAO Recommendations Executive Summary In this brief we analyze the Governor ’s May Revision proposal to borrow $6  billion from state government funds in the Pooled Money Investment Account.
https://lao.ca.gov/Publications/Report/3673

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - Effective the first day of the first pay period following ratification, the proposed agreement would increase the reimbursement available to Unit 10 members who use mass transit or a van pool from 75  percent to 100  percent the exclusion amount provided by the Internal Revenue Service.
https://lao.ca.gov/Publications/Report/4918

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - For some pension plans, such as CalSTRS ’ Defined Benefit Program and CalPERS ’ School Pool, assets and liabilities from multiple employers are aggregated together and employers pay toward the collective unfunded liabilities.
https://lao.ca.gov/Publications/Report/4887

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - Figure 3 SEIU Local 1000 Agreements Pool OPEB Normal Costs Unit Average Base Pay (December 2015) Employee Share of Normal Costs (Percent of Pay) Actuarially Determined a Units Represented by SEIU Local 1000 17 3.4 3.5 a "Actuarially determined" contribution reflects one-half of 2015-16 normal costs as a percent of 2015-16 pay.
https://lao.ca.gov/Publications/Report/3520