Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Strengthening the CalSTRS Funding Plan — 36 a Reflects how often a loss of similar magnitude or greater has occurred in any one year over the past 25 years. b Under scenario 3, the state ’s rate would increase by the maximum allowed each year through 2041 ‑42, then continue increasing by less than the maximum each year through 2045 ‑46.
https://lao.ca.gov/Publications/Report/4400

The 2021-22 Budget: Interest Payment on Federal Unemployment Insurance Loan

Feb 10, 2021 - Specifically, if the average state unemployment rate exceeded 7. 5  p ercent during the first six months of the prior calendar year (in this case, January through June 2020), the state may pay 25  p ercent of the interest due.
https://lao.ca.gov/Publications/Report/4360

The 2021-22 Budget: Creating a New Department of Better Jobs and Higher Wages

Feb 10, 2021 - Legislature Rejected the Same Proposal Last Year. The Governor first proposed to create the Department of Better Jobs and Higher Wages last year as part of the 2020 ‑ 21 b udget process. At that time, Legislative budget subcommittee hearings were consolidated due to the coronavirus disease 2019 (COVID ‑1 9) p andemic.
https://lao.ca.gov/Publications/Report/4361

The 2020-21 Spending Plan: Pensions [Publication Details]

Oct 12, 2020 - The 2020-21 budget package includes actions related to the state’s two largest pension systems—CalPERS and CalSTRS—that result in immediate savings for the state and school employers, while forgoing significant longer-term savings.
https://lao.ca.gov/Publications/Detail/4279

The 2020-21 Spending Plan: Pensions

Oct 12, 2020 - Pension Payments on Behalf of School and Community College Districts 2019 ‑20 Budget Act Gave Districts Short- and Long-Term Relief. 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

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - Penalties and settlement awards from PAGA lawsuits are distributed 75  percent to the LWDF and 25  percent to the plaintiffs. In recent years, PAGA proceeds flowing into the LWDF have exceeded expenditures from the fund.
https://lao.ca.gov/Publications/Report/4274

The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - The agreement suspends the $920 per year allowance that Unit 5 members receive as a uniform allowance as well as the $25 per month uniform maintenance allowance employees receive. In addition, the side letter establishes a joint labor/management committee to study, discuss, identify, and recommend an alternative uniform for highway patrol officers that does not require regular dry cleaning services.
https://lao.ca.gov/Publications/Report/4267

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

Jun 25, 2020 - Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21 June 25, 2020 Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, and 21 The compromise budget package will be considered by the California State Senate on June 25, 2020 and by the California State Assembly on June 26, 2020.
https://lao.ca.gov/Publications/Report/4257

Federal Paid Leave for Workers Impacted by COVID-19

Mar 27, 2020 - The law will be in effect until the end of the calendar year. Businesses Would Receive Federal Tax Credits to Cover Paid Sick Leave Costs. Employers that provide paid sick leave under H.R. 6201 would receive refundable tax credits each quarter that reduce their federal Social Security payroll taxes by the amount of paid sick leave provided.
https://lao.ca.gov/Publications/Report/4212

COVID-19: Unemployment Insurance for Workers Impacted by COVID-19

Mar 23, 2020 - (In particular, the recent H.R. 1319 extended the benefit duration by 25 weeks.) The federal government, instead o f California employers via payroll taxes, would pay the full cost of these extra weeks of benefits.
https://lao.ca.gov/Publications/Report/4208