MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - The actual cost will depend on how many employees cash out leave and how much leave they choose to cash out. Provisions From Past Agreements Not Included No Reopener if Other Units Get Higher Pay Increases.
https://lao.ca.gov/Publications/Report/4800

The 2021-22 May Revision: Golden State Stimulus 2

May 18, 2021 - Expanded benefits also replaced a larger share of workers ’ lost earnings. An unemployed minimum wage worker, who normally makes $520 per week, received $860 per week in the spring and summer under the federal increase and will receive $560 per week under the recent federal extension, which continues through September 2021.
https://lao.ca.gov/Publications/Report/4435

MOU Fiscal Analysis: Bargaining Unit 5 (Highway Patrol)

Aug 23, 2024 - As a pension system matures, its cash flow changes from a positive cash flow (more money coming into the system than is being paid out to beneficiaries) to a negative cash flow (more money is being paid out to beneficiaries than is coming into the system).
https://lao.ca.gov/Publications/Report/4920

MOU Fiscal Analysis: Bargaining Unit 9 (Professional Engineers)

Jun 27, 2025 - Under state law, vacation or annual leave is considered a form of wages that is vested when earned. As such, employers cannot adopt a “use it or lose it ” policy for earned employee vacation and annual leave whereby unused vacation or annual leave above a certain level is forfeited at the end of the year.
https://lao.ca.gov/Publications/Report/5061

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - Most state employees earn a pension. The pension that an employee receives in retirement depends on the pension formula they earned during their career. The specific pension formula that an employee earns depends on their job and when they were hired.
https://lao.ca.gov/Publications/Report/5047

MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - Employees in different bargaining units who have similar jobs (for example, public safety classifications like peace officers and firefighters) earn compensation packages with similar components. For example, while the specific structure of the benefit varies, public safety employees generally earn pension benefits that are designed to offer a higher annuity to retirees at an earlier age.
https://lao.ca.gov/Publications/Report/5066

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

Jul 14, 2025 - However, the benefit earned by the employee is based on their full (not reduced) salary. Accordingly, during furloughs, the state systematically underfunds its pensions —contributing to larger unfunded liabilities.
https://lao.ca.gov/Publications/Report/5064

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

Jun 27, 2025 - However, the benefit earned by the employee is based on their full (not reduced) salary. Accordingly, during furloughs, the state systematically underfunds its pensions —contributing to larger unfunded liabilities.
https://lao.ca.gov/Publications/Report/5060

The 2021-22 Budget: Labor Agreements Ending Personal Leave Program 2020

Jun 25, 2021 - First, increase the cap on the number of vacation and annual leave hours employees may cash out. Second, set state funds aside to pay for the leave cash outs so that departments do not need to use their resources for these purposes.
https://lao.ca.gov/Publications/Report/4446

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - Employee and Employer Contributions to “Normal Cost. ” The normal cost is the amount actuaries determine must be contributed to the system in a given year to fund the benefit earned by state employees in that year.
https://lao.ca.gov/Publications/Report/4887