CSR | Legislative Activity
Articles for category Retirement

CalPERS releases report on investments and their benefits

Posted Jun 17, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees’ Retirement System (CalPERS) today released its annual CalPERS for California Report, detailing the broad ancillary benefits the System’s investments generated in California for the 2013-14 Fiscal Year. Additionally, CalPERS released an updated version of the California Initiative Report, highlighting a program that encourages investments in companies located in traditionally underserved California markets.

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CalPERS committee moves to recommend 2016 health rates; New Medicare Advantage plan is proposed

Posted Jun 16, 2015 by newspaper editor    0 Comment(s)  -1 Likes Like Dislike


CalPERS -- The California Public Employees' Retirement System's (CalPERS) Pension and Health Benefits Committee (PHBC)  recommended June 16 the Pension Fund's Board of Administration adopt health care premium rate and plan changes for 2016. The recommendations include adopting a Medicare plan alternative - UnitedHealthcare's (UHC) Medicare Advantage Preferred Provider Organization (PPO) plan - and eliminating Medicare Advantage plans currently offered by Anthem Blue Cross, Blue Shield of California, Health Net and Sharp. Kaiser Permanente will continue to offer its Medicare Advantage plan and the CalPERS PPO Medicare Supplement plans will remain in place.

CalPERS' decision to adopt UHC's PPO could save a minimum of $24 million if at least 40,000 members move into this new Medicare plan option.

 

 

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Medi-Cal phone lines are overwhelmed

Posted Jun 16, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Sacramento Bee -- Thousands of calls to California’s Medi-Cal complaint lines don’t get through, and thousands more that manage to ring the call center go unanswered, according to a new state audit.

For the year that ended in January 2015, the phone system to the Medi-Cal Ombudsman Office rejected up to 45,000 calls in a month, State Auditor Elaine Howle said in her report to lawmakers.

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CSR Legislative Report - June 15, 2015

Posted Jun 15, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of Bills that CSR is supporting, opposing or watching.

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Debunking the “Crowding Out” Myth About Pensions

Posted Jun 09, 2015 by newspaper editor    0 Comment(s)  1 Likes Like Dislike

By Brian Rice, President of the Sacramento Area Firefighters 

When they announced their ballot measure last week, critics of public employee retirement benefits engaged in hyperbole and pointing to potholes as evidence that millions of elderly Californians should be stripped of their retirement savings. Cities, they claim, are spending so much on retired police officers, firefighters and other employees that services – such as filling potholes or maintaining parks – are getting “crowded out.”

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POLL: Will California’s public pension proposal go to voters?

Posted Jun 09, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

SACRAMENTO BEE - Former San Jose Mayor Chuck Reed and Carl DeMaio, a former San Diego city councilman and current radio talk show co-host, have a new ballot proposal that would constitutionally require that voters approve increases in compensation and retirement benefits for public employees.

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CalPERS responds to Reed's public pension measure

Posted Jun 04, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

"Inadequate financial preparation for retirement is a growing national concern. Defined benefit plans are the most cost-efficient way to save for retirement and should remain an important tool in retirement planning. All employees – whether in the public or private sectors – should have effective means to pursue retirement security," CalPERS said in a statement issued June 4.

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Public pensions are an integral part of recruiment and retention

Posted Jun 04, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Fuzzy Math Continues To Drive Public Pension Hysteria

By Association of Deputy District Attorneys Board of Directors

Public employee pension systems are an integral part of recruiting and retaining high-performing public employees. They align the interests of the employer and the employee. A pension allows attorneys to work for the county District Attorney despite the prospect of a higher income in private practice. Once hired, DDAs have an incentive to stay during the most productive years of their career; and at the end of that career, DDAs can leave the office rather than cling to the job because it is their only source of income.

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Ballot measure would have voters decide public pension benefits

Posted Jun 04, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

For the third time in four years, advocates for altering public pensions have a plan they want to put to a statewide vote.

But this time the proposal by pension-change advocates Chuck Reed and Carl DeMaio has a new twist: Pensions and other retirement benefits themselves would automatically become a matter of ballot-box politics by requiring voter approval any time government officials sought to upgrade benefits.

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CSR Legislative Report - May 22, 2015

Posted May 26, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The following PDF is a list of Bills that CSR is supporting, opposing, or watching.

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