MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 10, 2016 - Salary increases also increase state costs for salary-driven benefits, including state contributions to employees ’ pension, Social Security, and Medicare benefits. Classification-Specific Salary Increases.
https://lao.ca.gov/Publications/Report/3482

The State's Retirement Systems: Fiscal Issues for 1993-94 [Publication Details]

Mar 1, 1993 - The State's Retirement Systems: Fiscal Issues for 1993-94 [Publication Details] The State's Retirement Systems: Fiscal Issues for 1993-94 Format: PDF Description: In the November 1992 election, the voters approved Proposition 162—the California Pension Protection Act of 1992.
https://lao.ca.gov/Publications/Detail/1949

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for the nine bargaining units represented by Service Employees International Union, Local 1000. This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4799

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - Pension Contribution Growth. The California Public Employees ’ Retirement System (CalPERS) board establishes the state ’s contribution rates —as a percentage of pay —to fund employee pension benefits.
https://lao.ca.gov/Publications/Report/4101

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

Examining Statewide Pension Benefit Policy for Elected Officials [Publication Details]

Apr 13, 2012 - Examining Statewide Pension Benefit Policy for Elected Officials [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/2614

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - This approach is less expensive than giving employees a 3.5  percent salary increase because a $1 increase in salary increases state costs by $1 plus the cost of salary-driven benefits (pension, Social Security, Medicare, and retiree health prefunding under the current structure).
https://lao.ca.gov/Publications/Report/4665

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

Aug 29, 2016 - Salary increases also increase state costs for overtime and salary-driven benefits, including state contributions to employees ’ pension, Medicare, and Social Security. (In addition —as discussed in greater detail later —the agreement establishes the state ’s contributions to prefund retiree health benefits as a percentage of pay, creating an additional cost that fluctuate with pay levels.)
https://lao.ca.gov/Publications/Report/3495

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - In these scenarios, state contributions reach about 18 percent of payroll by the mid-2040s. In the context of current statewide teacher payroll, the difference between these two extremes is roughly $5 billion —more than three times the state ’s current contribution to CalSTRS ’ main pension program.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 6 (Corrections). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4800