MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - By both of these measures, the Highway Patrol pension plan is the most volatile of the state ’s pension plans. State Makes Regular SPPs to All State Employee Pension Plans Except Highway Patrol. As mentioned earlier, an SPP is when an employer contributes more than is actuarially required towards a pension plan.
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 10 (Professional Scientific)

Aug 14, 2024 - The agreement specifies that these pay differentials would not affect employee pension benefits. Treatment of Some Pay Differentials. Depending on the specific pay differential, an employee and the state employer might be required to contribute a portion of the payment towards Social Security, Medicare, or the employee ’s pension benefit.
https://lao.ca.gov/Publications/Report/4918

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 14, 2024 - The state has experienced some of the most severe wildfire seasons in its history in recent years. These wildfires have placed significant strains on the state ’s firefighters, many of whom have been asked to work for extended periods with few breaks.
https://lao.ca.gov/Publications/Report/4919

The 2024-25 Budget: State Employee Compensation [Publication Details]

Mar 21, 2024 - The 2024-25 Budget: State Employee Compensation [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4888

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - Introduction In this analysis, we provide the Legislature our key questions and recommendations related to the administration ’s proposed budgetary changes for state employee compensation. (For our analysis of issues related to pension payments under Proposition  2 [2014], see our report The 2024‑25 Budget: Proposition 2 Debt Payment Proposals .)
https://lao.ca.gov/Publications/Report/4888

The 2024-25 Budget: Proposition 2 Debt Payment Proposals [Publication Details]

Mar 20, 2024 - This report evaluates the Governor’s Proposition 2-related debt and liabilities payment proposals.
https://lao.ca.gov/Publications/Detail/4887

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Accordingly, the state annually makes supplemental pension payments from the General Fund towards the state ’s pension unfunded liabilities. Proposition 2 Proposition   2 Contains Annual Debt Payment Requirement.
https://lao.ca.gov/Publications/Report/4887

The 2023-24 Budget: California Spending Plan Series [Publication Details]

Oct 2, 2023 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2023-24 budget package. As these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4835

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

Sep 7, 2023 - The payment would be considered compensation for purposes of determining employees ’ pension benefits. New Alternate Range for Custodians at Health Care Facilities. Effective the first day of the pay period six months following ratification, the minimum and maximum salaries of a new alternate range for custodian classifications will be established that is 10  percent above
https://lao.ca.gov/Publications/Report/4799

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Under the Public Employees ’ Pension Reform Act of 2013 (PEPRA), the state has a standard that state employees pay one-half of the normal cost of their pension benefit and the state pays one-half of the normal cost.
https://lao.ca.gov/Publications/Report/4800