Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - A “Three ‑Legged Stool. ” During the 20th Century, retirement security in the United States evolved into what is referred to as the three ‑legged stool of retirement security whereby a typical retired worker is expected to receive income in retirement from a combination of three sources: Social Security, employer ‑sponsored retirement plans, and personal financial assets.
https://lao.ca.gov/Publications/Report/3616

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Short ‑Term vs. Long ‑Term Strategies. The  current supply chain disruptions are the result of both short ‑term issues, such as greater consumer demand, as well as long ‑term issues, such as the capacity and resilience of the goods movement system.
https://lao.ca.gov/Publications/Report/4540

Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - Jamming the Legislature and minimizing public scrutiny of labor agreements before legislative consideration prevents the Leg islature and public from fully understanding the implications of the agreements before they become law.
https://lao.ca.gov/Publications/Report/4621

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21

Jun 25, 2020 - The administration should explain to the Leg islature what course material will be converted to on-the-job training and the steps the administration will take to make sure the modified training is as effective as a classroom setting.
https://lao.ca.gov/Publications/Report/4257

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - A person ’s level of retirement security depends in part on how much of their pre-retirement income can be replaced after retiring through a combination of what often is referred to as the “three-legged stool ” of retirement in the United States: (1)  Social Security benefits, (2)  employer-sponsored retirement plans, and (3)  personal financial assets.
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 - Unit 12: Rejected Agreement vs. Proposed Agreement Last year, the Legislature ratified a tentative agreement between the state and Unit 12. This agreement did not go into effect, however, because it subsequently was rejected by Unit 12 members.
https://lao.ca.gov/Publications/Report/3520