CalSTRS Funding: An Update

May 5, 2017 - This could be thought of as accelerating life expectancy improvements that CalSTRS would have otherwise assumed in the future into today ’s assumptions. The new approach aims to ensure that contributions from teachers and employers made during teachers ’ working lives are sufficient to cover the costs of their pension benefits, and thus should help avoid unfunded liabilities in the future.
https://lao.ca.gov/Publications/Report/3662

The 2018-19 Budget: 2018-19 COLA for K-14 Education Programs

Apr 30, 2018 - The 2018-19 Budget: 2018-19 COLA for K-14 Education Programs The 2018-19 Budget 2018 ‑19 COLA for K-14 Education Programs The federal government recently released updated information that affects the cost-of-living adjustment (COLA) that the state provides to certain school and community college programs.
https://lao.ca.gov/Publications/Report/3816

The 2025-26 Budget: California State University

Feb 25, 2025 - As a result, this approach would also commit fewer ongoing General Fund resources at a time when the state is facing projected budget deficits. Recommend Adjusting Annually for Inflation Thereafter. In addition to raising the salary level in 2025 ‑26, we recommend the Legislature adopt provisional language in the budget act authorizing an annual cost ‑of ‑living adjustment to begin in 2026 ‑27.
https://lao.ca.gov/Publications/Report/4989

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - (The calculation also excludes the effects of pension change legislation passed in 2012 known as “PEPRA. ”) If the state had made these different decisions in the past, the calculation shows that CalSTRS ’ unfunded liability would be smaller today.
https://lao.ca.gov/Publications/Report/3333

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Covering Statutory Cost ‑of ‑Living Adjustment Estimated to Cost $2.3   Billion. When the minimum guarantee is growing, the state typically provides a statutory cost ‑of ‑living adjustment (COLA) for certain school and community college programs.
https://lao.ca.gov/Publications/Report/3897

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

Feb 2, 2016 - As described in our second post , the state’s share of CalSTRS’ unfunded liabilities is based on an estimate of what CalSTRS’ funding shortfall would be today if the state made different decisions about teacher pensions in the past.
https://lao.ca.gov/Publications/Report/3334

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - Moreover, many existing structures were built to different standards than are commonplace today, making them less resilient to the effects of climate change. For instance, many older homes were built with features —such as wood shake roofs, cedar siding, or single ‑paned windows —that make them more vulnerable to igniting during wildfires.
https://lao.ca.gov/Publications/Report/4575

Improving Education for Deaf and Hard of Hearing Students in California

Sep 21, 2016 - We recommend adjusting all approved reimbursement rates annually to reflect the overall K –12 cost –of –living adjustment and revisiting the issue after ten years to ensure these rates still reflect relevant costs.
https://lao.ca.gov/Publications/Report/3498

Update on School District Retiree Health Benefits

Sep 25, 2017 - More specifically, it is the amount of money that, if set aside and invested today, would be sufficient to cover the future cost of retiree health benefits already earned by current and former employees.
https://lao.ca.gov/Publications/Report/3704

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - (That is, in our view, these costs would not have occurred absent legislative action and as a result do not contribute to the budget problem the Legislature faces today.) Comparison to LAO November Outlook.
https://lao.ca.gov/Publications/Report/4662