Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - In addition, these employees have no rights to the money they contributed to the retiree health trust fund over the course of their state career —potentially tens of thousands of dollars —or any of the earnings gained on these contributions.
https://lao.ca.gov/Publications/Report/3616

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

Jan 10, 2017 - Because the state ’s retiree health benefit is the same for an employee earning $30,000 as it is for an employee earning $100,000, the amount of money needed to prefund the benefit represents a larger share of a lower-income worker ’s salary.
https://lao.ca.gov/Publications/Report/3520

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - Part of the state ’s contribution goes towards the “normal cost ” —the amount of money that actuaries determine is necessary (combined with assumed future investment earnings) to pay the cost of pension benefits that employees earn in a given year.
https://lao.ca.gov/Publications/Report/4078

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The first is payment towards the “normal cost, ” which is the amount of money that actuaries determine (based on actuarial assumptions like expected investment returns on assets) must be contributed to prefund the benefit earned by employees today.
https://lao.ca.gov/Publications/Report/5047

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

Mar 23, 2020 - In December, 2020, H.R. 133 re-instituted the weekly $300 added benefit for January 1, 2021 to March  14, 2021. On March  11, 2021, H.R. 1319 extended the weekly $300 added benefit through September 6, 2021.
https://lao.ca.gov/Publications/Report/4208

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The normal cost is the amount of money that actuaries determine must be set aside for the benefit employees earn today so that the contribution and any future investment returns on that contribution are sufficient to pay for the benefit after the employee retires.
https://lao.ca.gov/Publications/Report/4800

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

Aug 29, 2016 - The specific reimbursement rates are enumerated in a policy memo incorporated into the agreement (see page 145 of this pdf ). The proposed lodging reimbursement rates increase the amount of money a Unit 2 employee may be reimbursed for lodging in San Francisco from $150 per night to $250 per night.
https://lao.ca.gov/Publications/Report/3495

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

May 30, 2018 - Payroll is affected by (1)  the number of people employed by the state and (2)  the amount of money these employees earn. CalPERS assumes that payroll will grow each year by 3  percent. When payroll grows faster than 3  percent, the state ’s pension unfunded liabilities grow, resulting in higher annual costs for the state to pay off a larger unfunded liability.
https://lao.ca.gov/Publications/Report/3847

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians, Dentists, and Podiatrists)

Jul 14, 2025 - This creates a precedent for future Governors to see this action as an acceptable trade-off to address future budget problems. To the extent that this action is repeated in future years, the goal to fully fund the benefit will become increasingly elusive.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 27, 2025 - Further, it creates a precedent for (1)  other bargaining units this year to adopt similar actions and (2)  future Governors to see this action as an acceptable trade-off to address future budget problems.
https://lao.ca.gov/Publications/Report/5060