Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - From the benefit, employees would receive 50  percent of their gross monthly salary but have the option to supplement the paid leave with leave credits to replace 75  percent or 100  percent of their salary.
https://lao.ca.gov/Publications/Report/4620

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

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - The proposed agreement increases the amount of reimbursement that employees may receive for their costs related to mass transit and vanpools from 75  percent to 100   percent —up to the maximum monthly exclusion amount allowed by the U.S.
https://lao.ca.gov/Publications/Report/4607

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

Sep 1, 2023 - Due to one-time costs associated with provisions of the agreement, 2025 ‑26 would be the highest cost year resulting from the agreement, increasing costs in that year by $152  million ($58  million from the General Fund).
https://lao.ca.gov/Publications/Report/4798

Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - In 2022, the IRS monthly exclusion for qualified transportation benefits is $280. The administration ’s fiscal estimates indicate that no Unit 8 members use this benefit. Educational Incentive Pay. Effective the first day of the pay period following ratification, the proposed agreement would increase the educational incentive pay available to Unit 8 members from $75 to $150 per pay period.
https://lao.ca.gov/Publications/Report/4621

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In this report, CalHR surveyed 20 local fire departments—selected at random among 58 California fire departments that employ more than 75 firefighters—and compared total compensation provided to classifications the department identified as similar to the four state classifications.
https://lao.ca.gov/Publications/Report/3534

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - From the benefit, employees would receive 50 percent of their gross monthly salary but have the option to supplement the paid leave with leave credits to replace 75 percent or 100 percent of their salary.
https://lao.ca.gov/Publications/Report/4619

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - The proposed agreement increases the amount of reimbursement that employees may receive for their costs related to mass transit and vanpools from 75  percent to 100  percent —up to the maximum monthly exclusion amount allowed by the U.S.
https://lao.ca.gov/Publications/Report/4617

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

May 16, 2017 - However, under the same projections, the full benefits of those lower rates would not materialize until 2022-23. In the interim years, we suspect that some special funds and other state funds may face a net cost from this loan.
https://lao.ca.gov/Publications/Report/3673