Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - Payroll taxes are not applied to earnings above a wage limit —$127,200 in 2017. When a worker retires, he or she receives monthly Social Security benefit payments based on how old they are when they begin receiving Social Security benefits and how much money they earned during their career (up to the wage limit mentioned above).
https://lao.ca.gov/Publications/Report/3616

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The California Public Employees ’ Retirement System (CalPERS) determines how much money must be contributed each year to fund the pension benefit. There are two components of the total contribution to CalPERS.
https://lao.ca.gov/Publications/Report/5047

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

Mar 23, 2020 - The amount of UI benefits a worker receives depends on how much they earned in the period leading up to their unemployment. Benefits are available for up to 26 weeks . To fund the benefits, employers pay a payroll tax on the first $7,000 of employee wages.
https://lao.ca.gov/Publications/Report/4208

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 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - The administration could be required to provide (1) its best estimates of how much money special funds will need to borrow from the General Fund to make their payments, by year, and how their repayments to the General Fund will be structured, and/or (2) specific plans to change each affected special fund ’s revenues or spending to cover these shortfalls.
https://lao.ca.gov/Publications/Report/3673

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - The normal cost typically does not change from one year to another unless benefits change or the CalPERS board adopts new assumptions that materially affect the amount of money that must be set asi de to fund benefits earned today.
https://lao.ca.gov/Publications/Report/4078

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

Jan 10, 2017 - In addition to the discount rate, CalPERS includes many other actuarial assumptions in its calculations to determine the state ’s costs, including assumptions about how quickly payroll grows. Payroll is affected by (1) the number of people employed by the state and (2) the amount of money these employees earn.
https://lao.ca.gov/Publications/Report/3520

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - In addition to the discount rate, CalPERS includes many other actuarial assumptions in its calculations to determine the state ’s costs, including assumptions about how quickly payroll grows. Payroll is affected by (1) the number of people employed by the state and (2) the amount of money these employees earn.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - CalPERS includes a variety of actuarial assumptions in its calculation to determine the state ’s costs, including assumptions about how quickly payroll grows. Payroll is affected by (1)  the number of people employed by the state and (2)  the amount of money these employees earn.
https://lao.ca.gov/Publications/Report/3847

State Options to Expand Unemployment Benefits

Apr 9, 2020 - Although we do not know how many workers are currently ineligible, undocumented workers likely represent the vast majority. (Immigration experts estimate that 1.75  million undocumented immigrants work in California.
https://lao.ca.gov/Publications/Report/4219