Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - Second, we discuss the role that state retirement benefits —including SPP —play in providing retirement security to retired state employees. Third, we provide overall comments on the program and discuss legislative options to improve participation in the program.
https://lao.ca.gov/Publications/Report/3616

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Leave Cash Outs Leave Cash Outs Reduce Long-Term Liability. The average state employee earns a significant number of days off each year. In recent years, the state has made efforts to encourage employees to use more leave.
https://lao.ca.gov/Publications/Report/3847

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - Unlike salary-driven benefits, salary plays no role in determining the value of non-salary-driven benefits earned by employees. The most common type of benefits in this category, like those described below, are insurance plans.
https://lao.ca.gov/Publications/Report/5047

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

May 16, 2017 - State Can Use External Borrowing to Manage Cash Deficits. Internal sources are not always sufficient to allow the General Fund to address its monthly cash flow deficits. In these cases, the state uses a short-term external cash borrowing instrument, known as a Revenue Anticipation Note (RAN), to address cash flow.
https://lao.ca.gov/Publications/Report/3673

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

Aug 29, 2016 - Increases Allowable Annual Cash Out of Vacation and Annual Leave. The current memorandum of understanding (MOU) permits Unit 2 members to cash out up to 20 hours of vacation or annual leave each year.
https://lao.ca.gov/Publications/Report/3495

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The actual cost will depend on how many employees cash out leave and how much leave they choose to cash out. Provisions From Past Agreements Not Included No Reopener if Other Units Get Higher Pay Increases.
https://lao.ca.gov/Publications/Report/4800

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - Expanded benefits also replaced a larger share of workers ’ lost earnings. An unemployed minimum wage worker, who normally makes $520 per week, received $860 per week in the spring and summer under the federal increase and will receive $560 per week under the recent federal extension, which continues through September 2021.
https://lao.ca.gov/Publications/Report/4435

State Options to Expand Unemployment Benefits

Apr 9, 2020 - Cash assistance to unemployed workers can help them continue to meet their financial obligations (like mortgage payments, rent, or car loan payments) and prevent further deterioration of their financial situation.
https://lao.ca.gov/Publications/Report/4219

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - As a pension system matures, its cash flow changes from a positive cash flow (more money coming into the system than is being paid out to beneficiaries) to a negative cash flow (more money is being paid out to beneficiaries than is coming into the system).
https://lao.ca.gov/Publications/Report/4920

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

Jan 10, 2017 - Leave Cash Outs. To the extent authorized by department directors, the proposed agreements allow all affected employees to cash out up to 80 hours of vacation or annual leave each year. This is an increase in the amount of leave employees may cash out for all affected bargaining units.
https://lao.ca.gov/Publications/Report/3520