Federal Paid Leave for Workers Impacted by COVID-19

Mar 27, 2020 - Under paid family leave, most workers receive 60  percent of their normal weekly earnings. Third, workers who are themselves sick or quarantined may be eligible for state short-term disability insurance.
https://lao.ca.gov/Publications/Report/4212

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

A Review of the CalSTRS Funding Plan: Theoretical Investment Gains Have Shifted Unfunded Liabilities to Districts

Feb 2, 2016 - Specifically, the calculation estimates what CalSTRS’ unfunded liabilities would be now if (1) teachers earned less generous pension benefits and (2) the state and teachers had contributed more to CalSTRS’ main pension fund.
https://lao.ca.gov/Publications/Report/3334

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 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

A Review of the CalSTRS Funding Plan: CalSTRS Funding Plan Relies on Abstract Calculation

Feb 2, 2016 - In general, the state will pay for these smaller theoretical unfunded liabilities —as determined by the calculation —while districts will pay the difference between total real world unfunded liabilities and the state ’s share.
https://lao.ca.gov/Publications/Report/3333

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

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