Articles for category CalPERS
Posted Feb 09, 2015 by
CalPERS
Retirees
Health Care
Class-action lawsuits have been filed in California and two other states against health insurer Anthem over a data breach affecting about 80 million customers, former customers and employees, Modern Healthcare reports.
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Posted Feb 05, 2015 by
CalPERS
Retirees
Health Care
As many as 80 million customers of the nation's second-largest health insurance company, Anthem Inc., have had their account information stolen, the company said in a statement.
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Posted Feb 05, 2015 by
CalPERS
Retirees
Health Care
If you’re a state retiree or planning to become one, a piece of Gov. Jerry Brown’s 2015-16 budget proposal could hit your wallet.
The governor’s plan envisions a new high-deductible, lower-premium health insurance policy for state workers. It would be paired with a tax-advantaged health savings account and take effect Jan. 1, 2016.
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Posted Jan 21, 2015 by
CalPERS
Retirees
Retirement
State Employees
The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.
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Posted Jan 14, 2015 by
CalPERS
Retirees
General News
Retirement
In failing health and facing up to 30 years in prison, businessman Alfred Villalobos apparently committed suicide before going on trial in connection with the bribery scandal at CalPERS.
Villalobos’ attorneys, appearing at a pre-trial hearing in U.S. District Court on Wednesday, disclosed that Villalobos died the day before. His death ends the government’s criminal case against the Nevada businessman –and largely closes the books on a corruption scandal that roiled the nation’s largest public pension fund.
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Posted Jan 14, 2015 by
CalPERS
Retirees
General News
Retirement
The Sacramento Bee reported Jan. 14 that Alfred Villalobos, accused of bribing former CalPERS Chief Executive Officer Fred Buenrostro to influence the fund’s business decisions, has died.
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Posted Jan 14, 2015 by
CalPERS
Retirees
State Economy
Retirement
A new report on the fiscal health of CalPERS shows an estimated funding level of 77 percent for the Public Employees’ Retirement Fund (PERF) in 2014 – a positive growth of more than 7 percentage points over 2013. The PERF was funded at 69.8 percent as of June 30, 2013 based on the most recent actuarial value of assets. The PERF is the main pension trust fund that pays retirement benefits.
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Posted Jan 09, 2015 by
CalPERS
Retirees
State Economy
Retirement
Budget deliberation kicked off in the Capitol this morning with the release of Governor Brown’s proposed 2015-2016 state budget. He proposes $113.3 billion in general fund and $51.4 billion in special fund expenditures making for a $164.7 billion spending plan. This represents a 1.4 percent bump over current year spending.
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Posted Jan 09, 2015 by
CalPERS
Retirees
Retirement
Governor Edmund G. Brown Jr. on Jan. 9 proposed a balanced budget that injects billions of dollars more into schools and health care coverage, holds college tuition flat and delivers on Propositions 1 and 2 by investing in long overdue water projects and saving money, while continuing to chip away at the state’s other long-term liabilities – debt, infrastructure, retiree health care and climate change.
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Posted Jan 09, 2015 by
CalPERS
Retirees
Health Care
Retirement
Anne Stausboll, Chief Executive Officer for the California Public Employees’ Retirement System (CalPERS) issued the following statement today in response to the proposed state budget and efforts to reduce health care costs today and in the future:
"Managing and paying for the cost of health care for public employees requires discipline, collaboration and innovation. We applaud the Governor’s wisdom to do what CalPERS and many public employers have done in recent years, tackling the cost of health care and retiree health care," Stausboll said.
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