Savings Plus Program: An Optional Retirement Benefit for State Employees [Publication Details]

Mar 14, 2017 - Savings Plus Program: An Optional Retirement Benefit for State Employees [Publication Details] Savings Plus Program: An Optional Retirement Benefit for State Employees Format: HTML Description: This report examines the Savings Plus Program (the state's optional retirement savings plan for state employees).
https://lao.ca.gov/Publications/Detail/3616

The 2019-20 Budget: California Spending Plan—Other Provisions [Publication Details]

Oct 17, 2019 - The 2019-20 budget included significant augmentations and statutory changes in various other programs, including to support emergency services, the regulation of cannabis and alcoholic beverages, and construction and maintenance of state infrastructure.
https://lao.ca.gov/Publications/Detail/4101

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21 [Publication Details]

Jun 25, 2020 - We reviewed the proposed labor agreements between the state and Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, and 21. These agreements establish Personal Leave Program 2020 and other provisions to reduce employee compensation costs assumed in the 2020-21 budget. This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4257

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Employers pay both state and federal UI payroll taxes. State UI tax revenues are deposited into the state ’s UI trust fund to pay for benefits to unemployed workers. State UI tax rates are determined in accordance with a series of rate schedules laid out in state law.
https://lao.ca.gov/Publications/Report/3503

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Employers pay both state and federal UI payroll taxes. State UI taxes are deposited into the state ’s UI trust fund to pay for benefits to unemployed workers. Federal UI taxes are typically used to pay for certain costs other than state UI benefit payments, such as program administration; however, as described in our first post ,
https://lao.ca.gov/Publications/Report/3503/2

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Employers pay both state and federal UI payroll taxes. State UI taxes are deposited into the state ’s UI trust fund to pay for benefits to unemployed workers. Federal UI taxes are typically used to pay for certain costs other than state benefit payments, such as program administration.
https://lao.ca.gov/Publications/Report/3503/1

Addressing CalSTRS' Long-Term Funding Needs [Publication Details]

Mar 20, 2013 - Last year, the Legislature asked CalSTRS to submit a report detailing at least three options for addressing the unfunded liabilities of the pension system's Defined Benefit (DB) Program, which are now estimated by system actuaries to total about $70 billion.
https://lao.ca.gov/Publications/Detail/2710

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Employers pay both state and federal UI payroll taxes. State UI taxes are deposited into the state ’s UI trust fund to pay for benefits to unemployed workers. State UI tax rates are determined in accordance with a series of rate schedules laid out in state law that generally require higher rates, up to a
https://lao.ca.gov/Publications/Report/3503/3

A Review of the CalSTRS Funding Plan: Recent Policy Change Increases District Rates

Feb 2, 2016 - Having identified this problem, CalSTRS amended its policy in November 2015 to require increases in the district contribution when state contributions are insufficient to pay for the state share of unfunded liabilities.
https://lao.ca.gov/Publications/Report/3338

Federal Paid Leave for Workers Impacted by COVID-19 [Publication Details]

Mar 27, 2020 - On Wednesday, March 18, 2020, the President signed the Families First Coronavirus Response Act (H.R. 6201), the second federal relief act aimed at mitigating the economic and public health consequences of COVID-19. In this post, we summarize the two forms of paid leave required under H.R.
https://lao.ca.gov/Publications/Detail/4212