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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.
Here's the big picture: While the 2.5% COLA in 2025 is the smallest increase in Social Security benefits in four years -- 3.2% in 2024, 8.7% in 2023, and 5.9% in 2022 -- that means prices across ...
Get The State Worker Bee newsletter in your inbox every Wednesday. This is a preview of our weekly state worker newsletter. Subscribers receive more exclusive tidbits like this one, as well as a ...
California State Retirees (CSR) is the largest organization representing retired California state government employees. [ citation needed ] Organizing health care and pension benefits 36,000 members. It is an affiliate of the California State Employees Association headquartered in Sacramento, California .
The California Rule is a legal doctrine requiring that government workers throughout the state of California receive the pension benefits that were in place on the day they were hired, and that those benefits cannot be reduced (though they can be increased); meaning that mandatory employee contributions cannot be increased, nor can cost-of-living allowances be decreased, not even for not-yet ...
The increase is the largest since 1981, when the COLA was 11.2%, and raises the average retiree benefit by more than $140 per month starting in January, according to the Social Security ...
California State Retirees - (CSR) - Represents about 30,000 retired state employees including rank and file employees regardless of bargaining unit as well as managerial and other non-represented state employees who retired from active service with the state of California or the California State University system.
Next year's COLA will be smaller than many retirees hoped, and there's not-so-good news about the future. ... COLA came out ahead of the inflation rate was 2023, which saw a record-breaking 8.7% ...