Articles for category CalPERS
About 40,000 CalPERS state retiree members were asked in December 2013 to verify whether their [Read More...]
San Jose Mercury NewsMarch 14, 2014SACRAMENTO -- San Jose Mayor Chuck Reed's statewide pension [Read More...]
By Jon Ortiz The Sacramento BeeLast modified: 2014-02-07T20:36:46ZPublished: Friday, Feb. 7, 2014 - [Read More...]
After California State Retirees (CSR) took the lead in calling for legislative hearings [Read More...]
My name is Phillip Sherwood. I am the Executive Director of the California State Retirees who [Read More...]
Sacramento BeePublished Wednesday, Nov. 13, 2013San Jose Mayor Chuck Reed has revised the public [Read More...]
For more than half a century, Yolanda Solari dedicated much of her life to fighting for the rights [Read More...]
Governor signs CSR-endorsed billsGov. Brown signed five bills in October that are beneficial to [Read More...]
Press ReleaseOctober 4, 2013Incumbents Joseph Jelincic and Michael Bilbrey Preliminary Winners of [Read More...]
Important Announcement Regarding Board ElectionIt has come to our attention that approximately [Read More...]
The public is invited to learn more about the candidates running for Seat A and Seat B on the [Read More...]
Press Release Aug. 16, 2013Contact: Trinda Lundholm(916) 326-4262 Largest state retiree organization [Read More...]
For immediate release July 11, [Read More...]
Learn about your CalPERS benefits and the retirement planning services available to you at a free Retirement Planning Fair. Meet representatives from CalPERS Regional Offices, program areas and partner organizations. Five classroom-style breakout sessions will provide information on retirement and health benefits, service credit and more. Use this one-stop shopping guide to access all of your planning needs.
More health plans will expand choices for members and familiesThe California Public Employees’ [Read More...]
CalPERS is moving to strike from government health care rolls tens of thousands of people it believes are mistakenly or fraudulently receiving benefits.
The fund, which is the second-largest health care purchaser in the nation after the federal government, figured last year that removing an estimated 29,000 wrongly listed children, spouses and domestic partners of government employees would save approximately $40 million annually.
CalPERS retirement benefits are paid at the end of the month.
The chart below shows you the pay days for 2013. Since checks are issued by the State Controller's Office, they determine the mailing dates. If you have direct deposit, your financial institution has until the close of the direct deposit date to place the funds in your account. Please contact your financial institution to find out what time it places your funds in your account.
The California Public Employees’ Retirement System (CalPERS) Board of Administration Oct. 17 approved an 85 percent premium increase for early purchasers of its Long-Term Care (LTC) Insurance Program policies. The increase, to be spread over two years, is being implemented to help stabilize the program’s underlying Long-Term Care Fund and will take effect July 2015.
Members who opt to cover the increase in a single year will pay only 79 percent. Policyholders affected by the increase purchased two types of policies between 1995 and 2004: policies with lifetime benefits with inflation protection, and policies with lifetime benefits without inflation protection (California Partnership policies will be excluded).
It's an old-age safety net offered to California public employees: insurance to cover the exorbitant cost of staying in nursing homes, assisted-living facilities and the like.
Now most of the 150,000 or so Californians who buy long-term care insurance from CalPERS are facing what could be a big rate hike.
CalPERS is considering imposing a 75 percent increase in premiums on the vast majority of its long-term care policyholders. They would pay hundreds of dollars a year more – thousands, in some cases – as the California Public Employees' Retirement System tries to fix financial holes in the program.
CalPERS retirees should do nothing with the letter they received in September asking them whether they want to “opt out” of Medicare Part D, according to CalPERS officials.
CalPERS is converting from the Medicare Part D Retiree Drug Subsidy Program (RDS) to a Medicare Part D Prescription Drug Plan (PDP) for Medicare-eligible members. Blue Shield and CVS Caremark are administering the Medicare Part D Prescription Drug Plan (PDP) for CalPERS effective Jan. 1, 2013, and they are responsible for sending the letters.
These plans are Employer Group Waiver Plans (EGWP), governed by the Centers for Medicare and Medicaid Services (CMS). The centers require that health plans offer members a choice to opt out of the Medicare Part D Prescription Drug Plan. This opt-out provision was not a requirement under the Medicare Part D Retiree Drug Subsidy Program.