The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - As of December 31, 2019, 404 Unit 2 members —roughly 9  percent of the bargaining unit —have vacation or annual leave balances exceeding the existing 640 hour cap. Contract Reopener. Under the side letter, the Director of Finance has sole discretion to determine whether or not there are sufficient revenues to restore suspensions or deferrals or other compensation reductions provided by the agreement before the scheduled restoration.
https://lao.ca.gov/Publications/Report/4267

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - For much of the late 1990s and 2000s, the yield averaged around 6  percent, although it fell after the dot-com bust and ensuing recession in the early 2000s. After the rate fell in 2008, it has remained near zero as inflation and U.S.
https://lao.ca.gov/Publications/Report/3673