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

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

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 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 healthcare of $707 per month for single coverage.
https://lao.ca.gov/Publications/Report/3534

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

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - In 2022, the IRS monthly exclusion for qualified transportation benefits is $280. Safety Footwear. Under the current MOU, the state reimburses Unit 9 employees who are required to wear safety footwear up to $100 every 18 months.
https://lao.ca.gov/Publications/Report/4620

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

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

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

Sep 6, 2019 - The dollar amount seems to be based roughly on the difference between the state ’s contribution to two-party coverage under the 80/80 formula versus the 100/90 formula (where the state pays 100  percent of the average premium for the employee and 90  percent of the average premium cost for additional premiums).
https://lao.ca.gov/Publications/Report/4094

MOU Fiscal Analysis: Bargaining Unit 7 (Protective Services and Public Safety)

Aug 8, 2019 - The agreement would provide 58 classifications Special Salary Adjustments (SSAs). In total, as shown in Figure  2, about 80  percent of the bargaining unit would receive SSAs in addition to the GSIs described above.
https://lao.ca.gov/Publications/Report/4085

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