Articles for category CalPERS
Posted Jan 03, 2017 by Jamee V
CalPERS
Sacramento, CA - California will be forced to pay billions more in pension contributions for government employees after the state retirement system’s decision to lower its assumed rate of return.
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Posted Dec 21, 2016 by Jamee V
CalPERS
Sacramento, CA – The California Public Employees' Retirement System (CalPERS) Board of Administration today voted to lower the discount rate from 7.5 percent to 7.0 percent over the next three years. This incremental lowering of the discount rate will give employers more time to prepare for the changes in contribution costs.
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Posted Nov 22, 2016 by Jamee V
CalPERS
Beginning January 1, 2017, all CalPERS health plans will offer a diabetes prevention program (DPP) at no cost to eligible members. Check it out!
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Posted Nov 22, 2016 by Jamee V
CalPERS
CalPERS is preparing more pension rate hikes, and they could cost government agencies billions of dollars.
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Posted Oct 17, 2016 by Dani Schenone
CalPERS
Recent news articles have set their sights on public pensions, claiming that they are unsustainable and cost the state billions while public employees enjoy excessive retirement benefits. Recently, a Capital & Main author responded to a September article in the Los Angeles Times that claimed public pensions offer retirement security that is normally only available to the wealthy.
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Posted Sep 29, 2016 by Jamee Villa
CalPERS
The recent back-and-forth debate over pensions for public employees always lands on important issues like employer contributions and discount rates. Lost in the discord, though, is what’s ultimately at stake: the financial future of millions of Americans. So let's get to the point and not fall into the tired trap of looking back: It's time to put SB 400, the 1999 California legislation that changed benefits for public workers, behind us.
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Posted Aug 23, 2016 by Jamee Villa
CalPERS
Sacramento, CA – The CalPERS health plan Open Enrollment period begins soon – September 12 through October 7 – but Open Enrollment materials are now available online to our members to help them select the best plan for their families.
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Posted Aug 11, 2016 by Dani Schenone
CalPERS
Sacramento, Calif. – California State Retirees (CSR) believes CalPERS erred in calculating the 2017 100/90 State Annuit
ant employer contribution amount.
Government Code section 22871 requires using the current year's top four health care plans to establish the next year's state contribution amount.
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Posted Aug 01, 2016 by Dani Schenone
CalPERS
Sacramento, Calif. – Rob Feckner, president of the California Public Employees’ Retirement System (CalPERS) board of administration, penned an op-ed in today’s issue of The Sacramento Bee highlighting the importance of their long-term investment vision.
The op-ed comes after adverse news coverage of CalPERS’ decision to implement a new risk-reduction strategy. The plan, passed by a 4-3 vote, lowers the discount rate during strong years of investment returns. According to Feckner, this conservative approach will lower risk and volatility in the system. The goal is to ultimately reduce the rate from 7.5 percent to 6.5 percent over a 20-year period.
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Posted Jul 18, 2016 by Jamee Villa
CalPERS
Sacramento, Calif. - Be on the look out! CalPERS is beginning to send mailers this month explaining to members how to make changes to their health plans online. Open Enrollment information will be available online on Aug. 22, but members may only make changes, additions, and deletions via their my|CalPERS account at my.calpers.ca.gov during Open Enrollment from Sept. 12 to Oct. 7.
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