MOU Fiscal Analysis: Bargaining Unit 7 (Public Safety)

Sep 7, 2023 - The most recent (July) California Consumer Price Index was 3.1  percent higher compared to the prior year. Since 2020, however, prices have risen 17  percent. To the extent that the lower real average base pay in 2022 is a reflection of past GSIs not keeping pace with inflation, the tentative agreement ’s GSI in 2023 ‑24 would maintain wages, but would not catch up to prior price increases.
https://lao.ca.gov/Publications/Report/4802

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - When controlling for cost of living —we used an index prepared by the Missouri Department of Economic Development—California correctional officers are the sixth highest paid in the country (behind Illinois, Michigan, New Jersey, Rhode Island, and Iowa).
https://lao.ca.gov/Publications/Report/4078

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

Sep 7, 2023 - The most recent (July) California Consumer Price Index was 3.1  percent higher compared to the prior year. Since 2020, however, prices have risen 17  percent. GSIs provided by prior agreements to some bargaining units represented by Local 1000 did not keep pace with these increases, as noted above.
https://lao.ca.gov/Publications/Report/4799

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - Figure  2 compares the growth in average base salary for Units 5, 6 (Corrections), and 7 (Protective Services and Public Safety) with the growth in inflation (measured by the California Consumer Price Index [CA-CPI]) since 1999.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Employees can then choose from a variety of investment options, including indexed and m anaged funds and target-date funds. The state has never made regular contributions to rank-and-file employees ’ Savings Plus accounts.
https://lao.ca.gov/Publications/Report/4800

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

May 16, 2017 - Figure  8 shows historic yields of this index and the administration ’s assumptions about rates over the course of the loan. Under these assumptions, the interest cost of the loan would be $874  million over its lifetime.
https://lao.ca.gov/Publications/Report/3673

Climate Change Impacts Across California - Workers and Employers

Apr 5, 2022 - In 2020, the Cal/OSHA Standards Board adopted emergency regulations to require employers to provide N95 masks to outdoor employees for voluntary use if the Air Quality Index (AQI) for particulate matter (PM) 2.5 is greater than 150.
https://lao.ca.gov/Publications/Report/4587

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - Index Funds. Index funds are “passively managed. ” Fund managers make trade decisions with the intent of matching the average performance of a group of stocks. Index funds typically have less overhead than actively managed funds, resulting in lower operating expenses and fees.
https://lao.ca.gov/Publications/Report/3616

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - -Consumer Price Index (CPI) and 54 percent when measured by California CPI . In contrast, GSIs provided to rank-and-file Unit 6 employees have grown Unit 6 base pay on a compounded basis by 59 percent before taking into account the proposed 5 percent GSI.
https://lao.ca.gov/Publications/Report/3847