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How Newsom’s New Labor Deals Save Money Now by Taking a Break From a Big ...
- On Sunday, SEIU Local 1000 announced a labor agreement with Governor Newsom's administration suspending retirement health care payments for two years in California.
- The agreement arises from negotiations this month aimed at pausing state spending on retiree health care to address California's large long-term debt estimated at $85 billion.
- The deal covers about 100,000 workers, includes furloughs that offset raises, and suspends both employee and state contributions toward retiree health benefits.
- The state expects to save approximately $100 million annually, but legislative analysts warn the suspension increases unfunded liabilities and risks delaying full funding by the target date.
- The suspension offers near-term budget relief amid a $12 billion deficit but poses long-term funding challenges despite the state's stated commitment to pre-funding retiree health care.
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California’s largest union secures a one year delay on return-to-office mandate - Washington Examiner
California‘s largest public-sector union negotiated an eleventh-hour deal with Democratic Gov. Gavin Newsom, securing a one-year delay on his statewide return-to-office mandate that was supposed to start on Tuesday. Newsom said earlier this year that all state workers would be forced to return to the office at least four days a week, starting July 1. State employees had only been required to be in the office twice a week. Gov. Gavin Newsom (D-…
·Washington, United States
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To save money now, Newsom’s new labor deals pause spending on one of California’s biggest debts
California has a huge long-term debt to pay for the retirement health care benefits it promised to state workers. But today, Gov. Newsom wants immediate budget savings and public employees want money in their pockets.
·Sonoma, United States
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Coverage Details
Total News Sources14
Leaning Left3Leaning Right1Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
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