California AB161: Approve agreements between state employer and bargaining units.

California AB161 approves agreements between the state employer and specified state bargaining units. It outlines provisions for prefunding retiree health care, adjusting contribution rates, and suspending certain contributions for specific fiscal years. The bill also addresses the expenditure of funds and the adjustment of contribution rates based on actuarially determined normal costs. It includes provisions for state employees to participate in the Personal Leave Program 2025, receiving leave credits in exchange for pay reductions.

California AB161: Approve agreements between state employer and bargaining units.

California AB161 approves agreements between the state employer and specified state bargaining units. It outlines provisions for prefunding retiree health care, adjusting contribution rates, and suspending certain contributions for specific fiscal years. The bill also addresses the expenditure of funds and the adjustment of contribution rates based on actuarially determined normal costs. It includes provisions for state employees to participate in the Personal Leave Program 2025, receiving leave credits in exchange for pay reductions.