Experian has enrolled approximately 133,600 CalPERS members in credit monitoring. This represents approximately 17% of all [Read More...]
The preliminary 5.8% net investment return is an improvement over the prior fiscal year, when global financial volatility led to the fund’s first negative net return since the Great Recession.
The estimated funded status of the CalPERS portfolio now stands at 72%.
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Basic (non-Medicare) plans will increase 10.95% overall. Members enrolled in CalPERS’ Basic Health Maintenance Organization (HMO) plans will have an average premium increase of 10.50%. Preferred Provider Organization (PPO) Basic plans will have an overall increase of 12.17%. Medicare plan premiums will rise 9.55% overall.
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CalPERS announced a recent cybersecurity breach at their third-party vendor PBI Research Services/Berwyn Group (“PBI”).
The third party vendor, PBI, had a vulnerability in their transfer [Read More...]
A cost-of-living adjustment (COLA) is an increase in retirement benefits to keep up with inflation. If you’re interested in learning more about your CalPERS COLA benefit please take a look at the [Read More...]