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

Sep 1, 2023 - The identified leads ranged from 6  percent (in the case of electricians) and 42  percent (in the case of stockers and order fillers). As we discuss in greater detail below, the proposed agreement would provide classifications in two of the occupations identified as being compensated above market larger SSAs in 2023 ‑24 than other classifications.
https://lao.ca.gov/Publications/Report/4798

The 2021-22 Budget: Interest Payment on Federal Unemployment Insurance Loan

Feb 10, 2021 - Under federal law (42 United States Code Section 1322), states are eligible to delay upcoming interest payments on federal UI trust fund loans under certain circumstances. Specifically, if the average state unemployment rate exceeded 7. 5  p ercent during the first six months of the prior calendar year (in this case, January through June 2020), the state may pay 25  p ercent of the interest due.
https://lao.ca.gov/Publications/Report/4360

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - Employees who receive Pay Differential 42 under the current MOU receive an additional $12 per hour they spend diving. The proposed agreement would increase the hourly rate paid to eligible employees while they are diving to $25 per hour.
https://lao.ca.gov/Publications/Report/4620

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The share of Unit  6 members who are 40 years old or younger has increased 10  percentage points form 42  percent in 2012 to 52  percent in 2022. The fastest growing age group during this period was 26 to 30 years old.
https://lao.ca.gov/Publications/Report/4800

Strengthening the CalSTRS Funding Plan

Mar 10, 2021 - Strengthening the CalSTRS Funding Plan — 36 a Reflects how often a loss of similar magnitude or greater has occurred in any one year over the past 25 years. b Under scenario 3, the state ’s rate would increase by the maximum allowed each year through 2041 ‑42, then continue increasing by less than the maximum each year through 2045 ‑46.
https://lao.ca.gov/Publications/Report/4400