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Results for "underfunded liabilities"

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blog post

Budget Surplus Divides Californians

By Dean Bonner

Jun 2, 2022 ... Last month, Governor Newsom released a $300.7 billion spending plan and announced an estimated $97.5 billion state budget surplus as part of ...

blog post

K–12 Education and the New State Budget

By Radhika Mehlotra

Jul 15, 2019 ... ... pensions (CalSTRS), the budget pays down the state's ($2.9 billion) and the districts' share ($1.6 billion) of the unfunded liability.

press release

Californians Are Divided on Charter Schools

Apr 24, 2019 ... ... Teachers' Retirement System's (CalSTRS) unfunded liabilities (58% of ... school parents (25%) are most likely to say lack of funding, ...

Fact Sheet

Public Pensions in California

By Radhika Mehlotra, Patrick Murphy

Since 2008, these unfunded liabilities have grown by more than $103 billion for CalPERS and $84 billion for CalSTRS. In 2016, 70% of California's public ...

Fact Sheet

Public Pension Liabilities in California

By Kevin Cook

California's largest public pension programs have significant unfunded liabilities. The state's two largest public retirement programs, the California ...


Higher Education in California: Institutional Costs

By Hans Johnson, Patrick Murphy, Margaret Weston, Kevin Cook

... crash of 2008, the UC system acknowledged that the UCRP had become underfunded. ... and as of 2013 the UCRP had an unfunded liability of $13.8 billion, ...