The tentative agreement between Gov. Jerry Brown and the union representing roughly 11,000 heavy equipment operators will add up to $54.9 million to the state's payroll costs, according to the Legislative Analyst's Office.
The two-year deal, like most Brown has negotiated with other unions over the last two months, relies on a fiscal trigger to determine whether the money will be split over two years or deferred to the last year.
One scenario for state workers in Bargaining Unit 12, who are represented by the International Union of Operating Engineers, provides a $1,200 bonus on July 1, 2014 (which equals 2.5 percent of the average wage for employees covered by the contract) and a 3 percent raise on July 1, 2015.
That, along with higher employer contributions to health insurance premiums and a few other minor non-wage increases, would cost the state $54.9 million, according to the LAO.
But if Brown says revenues in fiscal 2014-15 aren't sufficient to cover the bonus, union members will have to wait one year to get a 3.25 percent raise with no bonus. That plan would reduce the contract's three-year cost to $42.3 million.
That hits the high points of the IUOE deal, but if you want to get more deeply into the numbers and terms, here's the analyst's report:
PHOTO: Capitol Mall in Sacramento. The Sacramento Bee/Paul Kitagaki Jr.