The 2017-18 Budget: Public Employment Relations Board (PERB)

Feb 17, 2017 - DGS was able to extend the lease at the current facility on a month month-to-month basis for one year. The terms of the lease extension increase PERB ’s monthly rent costs for the facility by about $54 per month to a total monthly rent of $20,064 for the facility.
https://lao.ca.gov/Publications/Report/3566

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In addition, re tired future employees younger than 65 years would receive a smaller state contribution —by more than $400 per year for single coverage in the case of an employee who retired after working 25 years —towards their healthcare than they receive under the 85/80 formula during their careers.
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 - The proposed agreements have notably longer terms—ranging from between three years and five years in duration. The 13 proposed agreements tend to end about one year later than the agreements the Legislature has ratified since 2015.
https://lao.ca.gov/Publications/Report/3520

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - State UI tax rates also apply to a base of each current employee ’s first $7,000 in annual wages, but vary by year and by employer according to a series of eight tax rate schedules laid out in state law.
https://lao.ca.gov/Publications/Report/3503/1

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - The state ’s peak year-end balance of loans was $10.2  billion at the end of 2012. Since that time, total revenues flowing into the UI trust fund have exceeded the cost of benefits each year so that the amount of the remaining federal loans is decreasing.
https://lao.ca.gov/Publications/Report/3503

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Figure 1 Potential Year-End UI Trust Fund Reserve Balances Under Declining or Flat Unemployment a (In Billions) 4.1 a The Employment Development Department projections based on LAO unemployment rate assumptions. b Employers are projected to be paying increased federal unemployment insurance (UI) taxes through 2018, resulting in rapid improvement in the trust fund condition in these years.
https://lao.ca.gov/Publications/Report/3503/2

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - (In a typical recession the trust fund would receive some revenues, although less than in years of economic growth due to decreased taxable wages. However, the effects of a major recession would stretch across multiple years.)
https://lao.ca.gov/Publications/Report/3503/3

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

Aug 29, 2016 - Under the agreement, employees first hired by the state in or after 2017 will not receive any state contribution for health and dental b enefits in retirement unless they work for 15 or more years. After 15 years of service, these workers would receive 50  percent of the revised maximum state contribution to retirement, with this amount growing each
https://lao.ca.gov/Publications/Report/3495

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Jun 24, 2016 - After 15 years of service, these workers would receive 50  percent of the revised maximum state contribution in retirement, with this amount growing each year until it reaches 100  percent of the revised maximum contribution if they retire after 25 or more years.
https://lao.ca.gov/Publications/Report/3486

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

Jun 10, 2016 - The agreement does not change the vesting schedule established in 2010, meaning that employees hired after 2017 must work 15 years to receive half of the 80/80 benefit in retirement and 25 years to receive the full 80/80 benefit in retirement.
https://lao.ca.gov/Publications/Report/3482