CalPERS Retirement Fund Is Sound

Despite the current economic mess in the United States, the California Public Employees’ Retirement System (CalPERS) fund remains stable. Retirees will continue to receive their pension checks without interruption.

In light of recent headlines, CalPERS issued a statement to remind members that their retirement benefits are guaranteed by law and, more importantly, to reassure members that the retirement fund is solvent. As of last year, CalPERS had an overall funding ratio of more than 90 percent. This means that the market value of its assets was 90 percent of what its liabilities were for each retirement plan; this is considered excellent for pension funds.

This solvency in times when others are losing their retirement funds to bad investments reflects the importance of having a responsible organization such as CalPERS manage classified employees’ retirement funds.

Like other investors, CalPERS has suffered some losses because of the drop in stocks. However, with its team of investment experts Continue reading “CalPERS Retirement Fund Is Sound”

Memorandum of Understanding Vote

Placentia-Yorba Linda Unified School District and CSEA Chapter 293

May 30, 2008 – This Memorandum of Understanding represents the completion of the negotiation process on the effects of the classified employee lay-off authorized by the Board of Education on March 11, 2008 to be effective on July 1, 2008.  This Memorandum of Understanding shall not be precedent setting and shall apply only to the Resolution adopted by the Board of Education on March 11, 2008.

Click Here: To Download The Flyer.

What you should do if you get a layoff notice.

todolistEveryone has heard about Gov. Schwarzenegger’s proposed cuts to the education budget. When education funding is cut, our jobs are also on the chopping block. There are some things you should keep in mind if you’ve received a layoff notice or suspect that you might receive one.

Employees can only be laid off for “lack of work” and “lack of funds.” The district is required to give you notice at least 45 days before any layoff. Layoffs are supposed to occur by seniority. In most cases, the last hired is the first to Continue reading “What you should do if you get a layoff notice.”

Ratification Notice

CSEA Chapter 293  Contract vote for 2007/2008 school year

This information is a summary only.  Full contract language will be presented at the ratification meeting on Friday February 22.Meeting will be held at the ESC from 10:00 – 5:00.  Lunch will be provided from 11:00 – 1:00

District’s Last, Best & Final Offer

A three (3) year agreement through June 30, 2010 with reopeners in 2008-09 for wages and benefits (except medical premium contribution percentages) and four other articles at the choice of the Association and four other articles at the choice of the District.  For year 2009-10, reopeners in wages and benefits (except medical premium contribution percentages) and two other articles at the choice of the Association and two other articles at the choice of the District. (T/A)
Adjust salary schedule upward by 2% retroactive to July 1, 2007 and an additional 2% effective April 1, 2008.
Health & welfare:  no increased employee contributions for the 2008 calendar year.
3a.  In 2009, all PPO members will pay 15% of the premium (a reduction for most employees), and have a $5.00 increase per office visit.  All HMO members will pay their 2008 rate plus 10% of any increase in premium.  New employees hired after 1/1/09 will have higher contributions. 

Continue reading “Ratification Notice”