CSR | Legislative Activity
Articles for category CalPERS

CalPERS' Board Approves Five-Year Strategic Plan

Posted Feb 16, 2017 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA - The California Public Employees' Retirement System (CalPERS) Board of Administration today approved a new five-year strategic plan that will serve as a blueprint for meeting the investment, retirement, and health benefit needs of members and their families into the future.

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CalPERS is focused on the challenges ahead By Richard Costigan | CalPERS board member

Posted Feb 16, 2017 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA - If you didn’t know any better, you’d think that CalPERS is the source of all California’s ills: higher taxes, bankrupt cities, reduced public services, lavish pensions, the list goes on. We’ve even been blamed for failing to catch the fact that Wells Fargo employees were creating fake bank accounts...
 

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Reuters reports | CalPERS's sees 5.8 percent return with new allocation; below 7 percent goal

Posted Feb 08, 2017 by Jamee V    1 Comment(s)  0 Likes Like Dislike

The California Public Employees' Retirement System expects a 5.8 percent annual investment return under its new portfolio asset allocation, significantly lower than the fund's assumed rate of return of 7 percent by 2020. 

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State Controller Yee Updates State Retiree Health Care Liability | Applauds Significant Steps to Prefund Obligation

Posted Jan 25, 2017 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA —The state’s cost for retiree health and dental benefits has grown to $76.68 billion, according to a report published today by State Controller Betty T. Yee. The liability represents the present-day cost to provide retiree health and dental benefits earned as of June 30, 2016 – one of the state’s largest long-term debts. 

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Supreme Court to consider CalPERS case against Lehman Bros.

Posted Jan 17, 2017 by Jamee V    0 Comment(s)  1 Likes Like Dislike

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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CalPERS CEO Marcie Frost has authored an op-ed piece responding in part to the recent criticism around the discount rate action

Posted Jan 09, 2017 by Jamee V    0 Comment(s)  0 Likes Like Dislike

CalPERS' Action on Discount Rate was a Prudent, Smart Decision

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Attention Members: The OptumRx website is experiencing technical difficulties

Posted Jan 05, 2017 by Jamee V    0 Comment(s)  0 Likes Like Dislike

Please review the message below from CalPERS in regards to the issue with OptumRX.

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California to Pay Billions More After CalPERS Cuts Assumed Rate

Posted Jan 03, 2017 by Jamee V    1 Comment(s)  0 Likes Like Dislike

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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CalPERS to Lower Discount Rate to Seven Percent Over the Next Three Years

Posted Dec 21, 2016 by Jamee V    0 Comment(s)  0 Likes Like Dislike

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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CalPERS to offer Diabetes Prevention Program Starting Jan 1, 2017

Posted Nov 22, 2016 by Jamee V    0 Comment(s)  0 Likes Like Dislike

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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