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

Jun 27, 2025 - A future Legislature and Governor could face pressure to use money from the trust fund as soon as it becomes available, e specially to address a budget problem, should one exist in 2046. To the extent that money is drawn from the fund before the benefit is fully funded, the likelihood of the benefit ever becoming fully funded will further diminish.
https://lao.ca.gov/Publications/Report/5060

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - The state currently does not contribute money to employees ’ SPP accounts —either in the form of a match or otherwise. Employees who choose to participate in the program determine (1)  how much money to save, (2)  how to invest the money they have saved, and (3)  how to use these funds in retirement.
https://lao.ca.gov/Publications/Report/3616

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

May 16, 2017 - Contribute Money to CalPERS Over Course of 2017-18. The administration proposes depositing the borrowed money with CalPERS on a periodic basis throughout the 2017-18 fiscal year to accommodate cash flow needs.
https://lao.ca.gov/Publications/Report/3673

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

Jan 10, 2017 - By assuming less money comes into the system through investment gains, the state will be required to contribute more money to pay for higher normal costs and a larger unfunded liability. . . . Making Proposed Pay Increases More Costly . . .
https://lao.ca.gov/Publications/Report/3520

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Jan 23, 2017 - To the extent that the pay increases provided by this agreement result in firefighter payroll growing faster than 3  percent each year, the state likely will be required to contribute more money to CalPERS than assumed in Figure  3.
https://lao.ca.gov/Publications/Report/3534

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 26, 2019 - As Figure  1 shows, the parties periodically agreed to redirect this money to prefund retiree health benefits. The proposed agreement would maintain the amount of money that is redirected from pay to retiree health benefits at 3.4  percent of pay.
https://lao.ca.gov/Publications/Report/4089

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

Jul 14, 2025 - The reduced amount of money invested in the trust fund will result in higher unfunded liabilities in the long-run. In most of the agreements, the state ’s contributions towards the benefit would be fully restored in 2027-28.
https://lao.ca.gov/Publications/Report/5064

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 6, 2019 - The agreement would increase the amount of money that employees represented by Local 1000 receive for doing specific jobs, working in specific regions, or using specific skills. Geographic Pay Differentials.
https://lao.ca.gov/Publications/Report/4094

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - The California Public Employees ’ Retirement System (CalPERS) determines how much money must be contributed each year to fund the pension benefit. There are two components of the total contribution to CalPERS.
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - The proposed agreement would reclassify this payment as an allowance rather than a reimbursement and would increase the amount of money eligible employees receive to $670. Increases Footwear Allowance for Eligible Employees.
https://lao.ca.gov/Publications/Report/4607