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

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

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 2023-24 Budget: Total Compensation Studies

May 24, 2023 - Specifically, we recommend that the compensations study for (1)  Units 2, 5, 6, 7, 8, 9, 10, 12, 13, and 19 be submitted on February 1, 2025 and every odd-numbered year thereafter and (2)  Units 1, 3, 4, 11, 14, 15, 16, 17, 18, 20, and 21 be submitted on February 1, 2026 and every even-numbered year thereafter.
https://lao.ca.gov/Publications/Report/4773

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