Posted Jan 17, 2017 by Jamee V
CalPERS
The U.S. Supreme Court agreed Friday to consider reviving an attempt by the California Public Employees’ Retirement System to recover some of the $300 million it lost when the Lehman Brothers investment bank collapsed in 2008.
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Posted Jan 09, 2017 by Jamee V
CalPERS
CalPERS' Action on Discount Rate was a Prudent, Smart Decision
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Posted Jan 05, 2017 by Jamee V
CalPERS
Please review the message below from CalPERS in regards to the issue with OptumRX.
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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 Dec 16, 2016 by Jamee V
Retirees
The ongoing battle between CalPERS investing in the Tobacco industry has come to fruition this week as CalPERS is reopening a decade-long discussion about reinvesting in Tobacco after a 16-year ban.
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Posted Dec 09, 2016 by CSR Website Administrator
Retirees
Sacramento, CA - By Chris Reed
Critics of Wells Fargo’s scandal are raising questions about why the California Public [Read More...]
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 Nov 02, 2016 by Jamee V
Legislation
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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Posted Oct 19, 2016 by Jamee V
Retirees
CSR joined with other senior groups on the Capitol steps Oct. 17 to rally in support of Prop. 61, which would help stop runaway drug prices and save the state an estimated $1 billion a year.
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Posted Oct 18, 2016 by Jamee V
General News
Do you want to serve on the CSR Board of Directors? If so, now is the time! CSR has officially launched the 2017 Board Election Schedule for Districts A, B & C.
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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 Oct 05, 2016 by Jamee V
Health Care
Sacramento, CA - OptumRX has finally released critical pieces of information in regards to the cost of prescription drugs. This comes on the heels of CSR pushing for this critical data to be shared with the public during the open enrollment process. Many members were concerned they did not have the full story when choosing a provider.
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Posted Sep 29, 2016 by Jamee Villa
Legislation
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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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 Sep 28, 2016 by Jamee Villa
Retirees
A bill that would have authorized the California Public Employees’ Retirement System to adjust the current $2,000 post-retirement death benefit for state and school retirees was vetoed by Gov. Jerry Brown on Sept. 26.
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Posted Sep 15, 2016 by Jamee Villa
Retirees
Music was his life, so it is fitting that the celebration of life for Gus C. Lease will be in the Music Building Concert Hall at San Jose State University at 1 p.m. Oct. 1. A reception will follow on the lawn between the Music Building and the SJSU Event Center.
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Posted Sep 08, 2016 by CSR Website Administrator
Health Care
Health Plan Open Enrollment for CalPERS members is Sept. 12- Oct. 7. Most members who are satisfied with their current plan need do nothing to remain in the same plan. The exception is Blue Cross Net Value members. That plan is being discontinued.
If members on that plan do nothing, they will automatically be transitioned to Blue Shield Access Plus, starting Jan. 1, 2017. Or they may choose another health plan during this Open Enrollment period.
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Posted Sep 07, 2016 by Jamee Villa
Legislation
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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