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.
CSR Delegates determined, via a mail ballot, whether or not to change CSR Bylaws, Article IX, Section 5(A) reducing the delegate ratio from 1 delegate per 100 active chapter members to 1 delegate per 200 active members. The proposal further specified that no chapter shall have fewer than three delegates.
The California Public Employees’ Retirement System’s (CalPERS) Pension and Health Benefits Committee (PHBC) today recommended the Board of Administration approve a 2014 health care package that would raise overall premiums next year by an average of 3 percent for the Pension Fund’s nearly 1.3 million health program members, the lowest average increase since 1998. The rate is lower than the 9.6 percent increase in 2013. If the full Board approves the new premium rates, they will take effect January 1, 2014.
The following PDF is a list of Bills that CSR is supporting, opposing, or watching.
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.
Retirees who receive $4,000 or more in their monthly retirement warrants will see a $2 hike in their CSR dues payment beginning Jan. 1, 2013.
Dues will stay the same for CSR members who make less than $4,000 a month. It has been more than a decade since CSR raised dues for any of its members.
The California State Retirees Board of Directors is endorsing the following candidates in the Nov. 6 General Election.
Recommendations were made to the board by the CSR Political Action Committee (PAC), which considers each candidate’s voting record on issues such as protecting pensions and health benefits for state retirees.
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.