Unit 2 (Attorneys) MOU Analysis

Sep 12, 2019 - This employee would contribute a total of 11.5  percent of pay towards the pension —about one-half of the blended normal cost for this pension benefit. (The other Unit 2 members already pay about one-half of normal cost.)
https://lao.ca.gov/Publications/Report/4095

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

Sep 9, 2020 - Employee Pension Contributions. The MOU increases employee retirement contributions over three fiscal years beginning on July 1, 2020.The intention of the increases is that employees will be paying about one-half of normal cost for pension benefits at the end of the three-year period.
https://lao.ca.gov/Publications/Report/4267

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

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for the nine bargaining units represented by Service Employees International Union, Local 1000. This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4799

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21

Jun 25, 2020 - The state contributes a percentage of pay to fund state employee pension benefits at CalPERS. Although state employee pay is reduced during periods of furlough, their pension benefits are not affected.
https://lao.ca.gov/Publications/Report/4257

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections) [Publication Details]

Sep 7, 2023 - We reviewed the proposed memorandum of understanding (MOU) for Bargaining Unit 6 (Corrections). This review is pursuant to Section 19829.5 of the Government Code.
https://lao.ca.gov/Publications/Detail/4800

MOU Analysis: Unit 10 (Professional Scientific)

Jan 30, 2023 - This approach is less expensive than giving employees a 3.5  percent salary increase because a $1 increase in salary increases state costs by $1 plus the cost of salary-driven benefits (pension, Social Security, Medicare, and retiree health prefunding under the current structure).
https://lao.ca.gov/Publications/Report/4665

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 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - Pension Contribution Growth. The California Public Employees ’ Retirement System (CalPERS) board establishes the state ’s contribution rates —as a percentage of pay —to fund employee pension benefits.
https://lao.ca.gov/Publications/Report/4101

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The Governor allocates this amount among three uses: ( 1)  c ontinuing to implement the state ’s plan to prefund retiree health benefits, ( 2)  r epaying a 2017 ‑ 18 l oan from the state ’s cash resources that supported a supplemental pension payment in that year, and ( 3)  a supplemental pension payment to the state ’s teacher retirement system.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - In addition to required annual contributions, the Governor proposes that the state make supplemental contributions from the General Fund to the pension systems to reduce the unfunded liabilities and reduce state costs over the next few decades.
https://lao.ca.gov/Publications/Report/3916