MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - In the case of retiree health benefits, the state pays a percentage of pay towards normal cost (specified in labor agreements and matched by employees) to prefund the benefit and it pays the unfunded liability on a “pay-as-you-go ” basis where it pays out the claims cost for existing retirees.
https://lao.ca.gov/Publications/Report/4800

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - In reviewing the proposals, there are many different issues for the Legislature to consider, including (1)  whether the proposals are likely to be the most effective set of policies and programs to promote ZEVs and achieve the state ’s climate change and air quality goals; (2)  how these state programs will be integrated or coordinated with existing programs, such as ZEV programs administered by
https://lao.ca.gov/Publications/Report/4309

The 2017-18 Budget: California Department of Corrections and Rehabilitation

Mar 1, 2017 - Instead of setting money aside when employees earn the benefit over the course of their careers, the state has —until recently —paid for these benefits on a pay-as-you-go basis after employees retire.
https://lao.ca.gov/Publications/Report/3595