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“The cost of living is ridiculous,” said Erich Tran, who along with his partner Tyler Bahr experienced a nearly 6% rent increase last year that brought the cost for their one-bedroom in San ...
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(Bloomberg) -- California cities and the state could see their annual pension bills rise as much as 12% because high inflation will lead to cost-of-living adjustments for retirees and pay ...
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 ...
Five states — including Alabama, South Carolina and Tennessee — do not have a minimum wage, though they are subject to the federal hourly minimum wage of $7.25. California's ballot measure, Proposition 32, would raise the state’s current minimum wage of $16 to $17 for the remainder of 2024 for employers with at least 26 employees ...
The measure would add to the city's pension burden, at a time L.A. is facing a financial squeeze, thanks in large part to lower-than-expected tax revenues and higher salary costs — due in part ...
Full-time and high wage workers are much more likely to have benefits, as the charts to the right indicates. [23] Benefits can be divided into as company-paid and employee-paid. Some, such as holiday pay, vacation pay, etc., are usually paid for by the firm. Others are often paid, at least in part, by employees.
Starting next summer, the minimum wage will rise to $23 an hour for healthcare workers in facilities with at least 10,000 “full-time equivalent employees,” according to California law. Wages ...