Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - (Retired employees with ten years of state service receive 50  percent of this amount, increasing 5  percent annually until the 100  percent level is earned.) Most state retirees are eligible to receive the full 100/90 contribution from the state.
https://lao.ca.gov/Publications/Report/3616

State Options to Expand Unemployment Benefits

Apr 9, 2020 - On March  27, the federal government enacted H.R. 748 —the Coronavirus Aid, Relief, and Economic Security Act. As we detailed in a recent post, Unemployment Insurance for Workers Impacted by COVID-19 , the bill increases benefits by $600 per week for all UI recipients.
https://lao.ca.gov/Publications/Report/4219

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - Social Security and Medicare. Not all state employees earn Social Security benefits. Notably, peace officers and firefighters do not earn these benefits. Most state employees earn Medicare. The benefit levels and employer and employee contributions towards Social Security and Medicare are determined by the federal government.
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Mar 14, 2017 - This maximum contribution is sometimes referred to as the “100/90 formula. ” In 2017, the 100/90 formula entitles retirees to a maximum state contribution towards their health care of $707 per month for single coverage.
https://lao.ca.gov/Publications/Report/3617

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

Aug 29, 2016 - These leave cash outs are subject to Medicare and Social Security payroll taxes but do not affect employees ’ pension benefits. The administration assumes that departments will absorb these costs within existing departmental resources.
https://lao.ca.gov/Publications/Report/3495

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - In the case of Unit  6, employees hired after 2013 earn a pension under the 2.5  percent at 57 formula. Under this formula, employees who work for 40 years and are older than 57 years may receive a pension that replaces 100  percent of their final compensation (defined as compensation over a 36-month period).
https://lao.ca.gov/Publications/Report/4800

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 12, 13, 14, 15, 17, 18, 19, 20, and 21

Jan 10, 2017 - This maximum contribution is sometimes referred to as the “100/90 formula. ” In 2017, the 100/90 formula entitles retirees to a maximum state contribution towards their health care of $707 per month for single coverage.
https://lao.ca.gov/Publications/Report/3520

A Review of the CalSTRS Funding Plan: Background

Feb 2, 2016 - That is, the assets held by the fund at any one time have been insufficient to cover benefits earned to that date. As of the most recent estimates, CalSTRS would need an additional $72.7 billion in its investment fund to pay for teacher pension benefits earned as of the end of 2013-1 4.
https://lao.ca.gov/Publications/Report/3332

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - During the summer of 2020, the state regularly distributed $5  billion in UI benefits per week (for comparison, under normal conditions, the state typically distributes about $100  million per week).
https://lao.ca.gov/Publications/Report/4435

COVID-19: Unemployment Insurance for Workers Impacted by COVID-19

Mar 23, 2020 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4208