The State Worker

Chronicling civil-service life for California state workers

June 1, 2010
LAO analyzes state contributions to CalPERS, CalSTRS

100514 LAO legislative analysts office logo.JPG
The Legislative Analyst's Office has updated its online budget recommendations database to include the latest information on the state's 2010-11 contributions to CalPERS and CalSTRS.

You can read the office's CalPERS analysis by clicking here. According to the analysis, if the CalPERS board approves the rate plan presented May 19, it "likely would increase the state's 2010-11 general fund budget problem by a net amount of about $100 million by increasing baseline state pension costs above those already assumed in the governor's budget package."

Other state funds would pay out more, too, although the LAO thinks the total dollar increase to all funds next year would be less than the $600 million estimated by CalPERS.

The CalSTRS info is here.The LAO figures that the state's 2010-11 contributions will increase by $117 million above the amount proposed in the governor's budget.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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