Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - The agreement would provide Unit 8 members three GSIs over the course of the term of the agreement: effective July 1, 2022, a 2.5  percent GSI; effective January 1, 2023, a 2  percent GSI; and effective July 1, 2023, a 2  percent GSI.
https://lao.ca.gov/Publications/Report/4621

Unit 8 (Firefighters) MOU Analysis [Publication Details]

Aug 26, 2022 - Unit 8 (Firefighters) MOU Analysis [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/4621

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Sep 7, 2021 - Effective January 1, 2022, the proposed agreement would (1) increase the maximum of the salary range of most Unit  8 classifications by 2.62 percent and (2) increase the pay of employees in these classifications by 2.62 percent for the term of the agreement.
https://lao.ca.gov/Publications/Report/4451

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters) [Publication Details]

Sep 7, 2021 - MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters) [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/4451

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

Feb 2, 2016 - Figure 1 displays CalSTRS ’ projections of the state and district shares of unfunded liabilities under a sample of simulations reflecting average investment returns of between 5.6 percent and 10.9 percent.
https://lao.ca.gov/Publications/Report/3336

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - As Figure  1 shows, the ratified side letter with Unit 8 that suspended OPEB prefunding did not include a provision related to PLP 2025. Figure 1 Summary of PLP 2025 Under Ratified Agreements a Unit Monthly Hours of Leave Accrued Duration (Months) Monthly Hours of Leave Accrued Duration (Months) 12 a Units 8 and 18 agreements do
https://lao.ca.gov/Publications/Report/5066

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - Units 5 (Highway Patrol) and 8 have been the main exception to this trend with agreements that typically have terms longer than three years. The proposed Unit 8 agreement would be in effect for four and one-half years—from January 1, 2017 through July 1, 2021.
https://lao.ca.gov/Publications/Report/3534

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - However, as shown in Figure  1, these average yields have varied over time. In the early 1980s, they were generally above 10  percent and fell to around 9  percent in the early 1990s. For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s.
https://lao.ca.gov/Publications/Report/3673

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

Sep 1, 2023 - For example, Unit 12 miscellaneous members pay 10 percent of pay to fund the benefit when most other state employees in that pension tier pay 8 percent or 8.5 percent of pay. The proposed agreement would reduce Unit 12 members’ employee contribution rates towards their pension benefits by 0.5 percent of pay effective July 1, 2024 and again July 1, 2025.
https://lao.ca.gov/Publications/Report/4798

A Review of the CalSTRS Funding Plan: Conclusion

Feb 2, 2016 - Meanwhile, that calculation, coupled with CalSTRS ’ treatment of the higher teacher contributions required by the funding law, have increased the school and community college district share from $47 billion to $58 billion.
https://lao.ca.gov/Publications/Report/3339