Articles for category CalPERS
Yes on Prop 61 Rally with Bernie Sanders takes place Monday, November 7th on the west steps of the Capitol. CSR will be in attendance. Please join us!
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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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Millions of Californians soon will have an easy way to save for a more comfortable and dignified retirement now that Gov. Jerry Brown has signed Senate Bill 1234, landmark legislation creating the California Secure Choice Retirement Plan.
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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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Assemblyman Rob Bonta, D-Alameda, calls on lawmakers to approve his measure to end surprise medical bills from out-of-network doctors, on the final day of the legislative session.
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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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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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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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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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Sacramento, Calif. – The California Public Employees’ Retirement System (CalPERS) Board of Administration anno
unced Marcie Frost as the Pension Fund’s new chief executive officer (CEO). Frost, 51, will replace former CalPERS CEO Anne Stausboll.
As CEO, Frost will oversee 2,870 employees and a budget of more than $1.7 billion. Several programs under Frost’s scope include healthcare delivery, retirement benefits, investments, finance and risk management, supplemental retirement programs, legislative affairs, actuarial services, stakeholder relations, and numerous support functions.
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