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calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [1] [3] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [4 ...
Workers should see larger paychecks starting in January 2024. Most workers’ pay raises will be processed “before the end of the calendar year,” wrote spokesperson Camille Travis in an email.
2008–2012 California budget crisis. Furlough at a California Department of Motor Vehicles office in 2009. The U.S. state of California had a budget crisis in which it faced a shortfall of at least $ 11.2 billion, [1] projected to top $40 billion over the 2009–2010 fiscal years. [2]
When California adopted collective bargaining for state employees in 1979, CSEA began a long period of reorganization wherein its members were divided into four distinct classes depending on their employment or retirement status with the State of California. Ultimately, each of the four classes of members formally incorporated their respective ...
California state employee unions representing scientists and attorneys are making the biggest demands for raises in contract negotiations this year. The attorneys want 30%. The scientists, citing ...
But as of Oct. 25, California had only collected $18 billion — a far cry from the $42 billion the state forecast back in June. Understandably, this news might make employees nervous.
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