A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - These recent developments illustrate the counterintuitive results of the odd calculation central to the CalSTRS funding plan. We note that the calculation will become even more complex next year, as CalSTRS will begin to calculate the size of a second theoretical investment portfolio that will be factore d into the district share of the unfunded liability.
https://lao.ca.gov/Publications/Report/3334

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

Sep 1, 2023 - The higher SSAs range from 4  percent to 6.7  percent. The compensation study, however, only provided information on occupation groups that include 24 of these classifications. As a result, there is limited information to support the SSAs for the other classifications.
https://lao.ca.gov/Publications/Report/4798

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - While we cannot say with certainty how these economic conditions will unfold, we have advise d the Legislature to remain cautious as key economic indicators —such as the treasury bond yield curve —have signaled an economic and revenue slowdown could be forthcoming.
https://lao.ca.gov/Publications/Report/4799

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

Jun 27, 2025 - While CalHR foun d that the state ’s compensation for Unit 12 members leads the market statewide across all types of employers, it found that the state ’s compensation package is significantly weaker when compared with region-specific local governments.
https://lao.ca.gov/Publications/Report/5060

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - The proposed agreement would increase the top steps of Unit 10 classifications by between (1)  6  percent and 12  percent in 2024-25, (2)  4  percent and 5  percent in 2025-26, and (3)  4  percent and 5  percent in 2026-27.
https://lao.ca.gov/Publications/Report/4918

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Apr 4, 2016 - The most notable exclusion from the administration ’s estimated costs is the increased overtime costs that will result from the scheduled pay increases. Overtime is a significant component of Unit 6 members ’ compensation.
https://lao.ca.gov/Publications/Report/3409

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

Jan 10, 2017 - The costs resulting from the proposed pay increases that are displayed in Figure  4 reflect the costs of the salary and any increased pension, Social Security, or Medicare costs associated with the salary increases.
https://lao.ca.gov/Publications/Report/3520

The 2022-23 Budget: UC Climate-Related Proposals

Feb 16, 2022 - Private entities tend to underspend on R &D without government intervention. This is because the costs and risks of R &D can be high, while the benefits tend to be diffuse. In the climate change area, benefits can be especially diffuse, with regional, statewide, and even global effects.
https://lao.ca.gov/Publications/Report/4538

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - Unit 8 rank-and-file, managerial, and supervisorial employees account for less than 4  percent of the total FTE in the state workforce and about 4  percent of the state ’s General Fund payroll expenditures.
https://lao.ca.gov/Publications/Report/5066

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - Part  D (Outpatient Prescription Drug Insurance). People in either Original Medicare or a Medicare Advantage Plan can choose to pay an additional monthly premium to purchase Medicare ‑approved prescription drug insurance under Part  D.
https://lao.ca.gov/Publications/Report/3616