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

Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - The proposed agreement would increase the longevity pay differentials by 2  percentage points so that employees with 17 or 18 years of service would receive an additional 3  percent of pay (compared to 1  percent now); 19 years of service would receive an additional 4  percent of pay (compared to 2  percent now); 20 years of service would receive an additional 5  percent of pay
https://lao.ca.gov/Publications/Report/4621

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Sep 7, 2021 - Further, extending the compensation increases provided to rank-and-file employees under the agreement to managers and supervisors would increase state costs in 2021-22 by an additional $3 millio n ($1.4 million General Fund).
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

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - Under the agreement, the state and Unit 8 members —including those hired after 2017 who are subject to lower benefit levels —each would contribute (1) 1.5  percent of pay beginning July 1, 2017, (2) 3  percent of pay beginning July 1, 2018, and (3) 4.4  percent of pay beginning July 1, 2019 and ongoing.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - After accounting for effects on unplanned overtime costs, we estimate that the agreement would result in state payroll costs for Unit 8-affiliated rank-and-file and excluded employees to increase by more than 3  percent relative to 2024-25 levels.
https://lao.ca.gov/Publications/Report/5066

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

Sep 1, 2023 - Together, classifications from these two occupations represent 8  percent of FTE employees who would receive 2023 ‑24 SSAs above 3  percent. Maintenance and Repair Workers Paid Above Market, but Have High Rates of Voluntary Separations and Vacancies.
https://lao.ca.gov/Publications/Report/4798

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

May 16, 2017 - 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. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673

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

Feb 2, 2016 - Because theoretical assets that determine the state’s share of the unfunded liability fluctuate more than real world assets and because the state’s share of the unfunded liability ($15 billion) is much smaller than the district share ($58 billion), the state share will be relatively sensitive to changes in assets.
https://lao.ca.gov/Publications/Report/3336

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