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%.
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.
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...]
The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.
“It’s my privilege to be re-elected as president of the CalPERS [Read More...]
By Marcie Frost, Chief Executive Officer, CalPERS
Happy New Year!
As we forge ahead into 2023, the financial landscape looks very much like it did when we said goodbye [Read More...]
CalPERS retired members can expect a blue envelope that contains their ballot for the special board election in their mailboxes in the next few days.
The special election is for one vacant [Read More...]
Are you interested in holding an elected leadership role for California State [Read More...]
This week the CSR Board of Directors had the opportunity to meet with the two remaining candidates for the CalPERS 2022 Special Retired Member Runoff Election.
After in-depth candidate [Read More...]
Approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will [Read More...]
All voted ballots will be tabulated on Thursday, September 29, for the open retiree seat on the CalPERS Board of Administration.
Public viewing of the electronic tabulation process will take [Read More...]
SACRAMENTO – Mullissa Willette has been declared the unofficial election winner for the Public Agency seat on the CalPERS Board of Administration.
Election results are considered unofficial [Read More...]
Three candidates will vie for the vacant retired member board seat on the CalPERS Board of Administration in a special election this fall. The candidates for the [Read More...]