Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - During the career of employees in Social Security, both the employer and employee pay taxes on earnings. In 2017, both the employee and the state pay 6.2  percent of the employee ’s pay. Payroll taxes are not applied to earnings above a wage limit —$127,200 in 2017.
https://lao.ca.gov/Publications/Report/3616

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - These allowances still would be subject to Medicare payroll taxes paid by the state and employees. In total, the adm inistration estimates that this provision will increase annual state costs by $5.7  million.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - This bonus is subject to Social Security and Medicare payroll taxes but does not affect state costs towards employee pension benefits. For the average SEIU Local 1000 member, this bonus constitutes about 4  percent of pay.
https://lao.ca.gov/Publications/Report/3520

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21 [Publication Details]

Jan 10, 2017 - We reviewed the proposed memoranda of understanding (MOUs) between the state and 13 bargaining units (Bargaining Units 1, 3, 4, 11 through 15, and 17 through 21).
https://lao.ca.gov/Publications/Detail/3520

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - UI Program Is Financed Through Employer Tax Contributions. 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.
https://lao.ca.gov/Publications/Report/3503/1

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - UI Program Is Financed Through Employer Tax Contributions. 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.
https://lao.ca.gov/Publications/Report/3503

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - UI Program Is Financed Through Employer Tax Contributions. 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.
https://lao.ca.gov/Publications/Report/3503/2

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - UI Program Is Financed Through Employer Tax Contributions. 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.
https://lao.ca.gov/Publications/Report/3503/3

Revisiting the Unemployment Insurance Trust Fund Insolvency [Publication Details]

Sep 30, 2016 - In this series of four online posts, we (1) examine the current condition of the UI trust fund and how it may change in the near future, (2) provide context on who pays UI taxes and how much they pay, (3) assess the extent to which the UI trust fund is prepared for the next economic downturn, and (4) look at potential steps the Legislature could take should it wish to increase reserves in the trust fund as a means to address the fiscal impacts of the next economic downturn.
https://lao.ca.gov/Publications/Detail/3503

MOU Fiscal Analysis: Bargaining Unit 2 (Attorneys and Hearing Officers)

Aug 29, 2016 - These leave cash outs are subject to Medicare and Social Security payroll taxes but do not affect employees ’ pension benefits. The administration assumes that departments will absorb these costs within existing departmental resources.
https://lao.ca.gov/Publications/Report/3495