CSR | Legislative Activity
Articles for category CalPERS

Yes on Prop 61 Rally

Posted Nov 02, 2016 by Jamee V    0 Comment(s)  0 Likes Like Dislike

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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New article offers perspective on public pensions

Posted Oct 17, 2016 by Dani Schenone    0 Comment(s)  0 Likes Like Dislike

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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Governor approves Secure Choice Retirement Plan

Posted Sep 29, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

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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CalPERS board members comment on the pension debate

Posted Sep 29, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

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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Surprise medical billing measure heads to Jerry Brown

Posted Sep 07, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

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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CalPERS Open Enrollment materials now available online

Posted Aug 23, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

Sacramento, CA – The CalPERS health plan Open Enrollment period begins soon – September 12 through October 7 – but Open Enrollment materials are now  available online to our members to help them select the best plan for their families.

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CSR: CalPERS erred in calculating employer contribution amount

Posted Aug 11, 2016 by Dani Schenone    0 Comment(s)  0 Likes Like Dislike

Sacramento, Calif. – California State Retirees (CSR) believes CalPERS erred in calculating the 2017 100/90 State Annuitant employer contribution amount. 

Government Code section 22871 requires using the current year's top four health care plans to establish the next year's state contribution amount. 

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Rob Feckner: CalPERS is prepared for market's fluctuations

Posted Aug 01, 2016 by Dani Schenone    0 Comment(s)  0 Likes Like Dislike

Sacramento, Calif. – Rob Feckner, president of the California Public Employees’ Retirement System (CalPERS) board of administration, penned an op-ed in today’s issue of The Sacramento Bee highlighting the importance of their long-term investment vision.

The op-ed comes after adverse news coverage of CalPERS’ decision to implement a new risk-reduction strategy. The plan, passed by a 4-3 vote, lowers the discount rate during strong years of investment returns. According to Feckner, this conservative approach will lower risk and volatility in the system. The goal is to ultimately reduce the rate from 7.5 percent to 6.5 percent over a 20-year period.

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CalPERS open enrollment is set to begin

Posted Jul 18, 2016 by Jamee Villa    0 Comment(s)  0 Likes Like Dislike

Sacramento, Calif. - Be on the look out! CalPERS is beginning to send mailers this month explaining to members how to make changes to their health plans online. Open Enrollment information will be available online on Aug. 22, but members may only make changes, additions, and deletions via their my|CalPERS account at my.calpers.ca.gov during Open Enrollment from Sept. 12 to Oct. 7.

 

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CalPERS names Marcie Frost its new CEO

Posted Jul 14, 2016 by Dani Schenone    0 Comment(s)  1 Likes Like Dislike

Sacramento, Calif. – The California Public Employees’ Retirement System (CalPERS) Board of Administration announced Marcie Frost as the Pension Fund’s new chief executive officer (CEO). Frost, 51, will replace former CalPERS CEO Anne Stausboll.

As CEO, Frost will oversee 2,870 employees and a budget of more than $1.7 billion. Several programs under Frost’s scope include healthcare delivery, retirement benefits, investments, finance and risk management, supplemental retirement programs, legislative affairs, actuarial services, stakeholder relations, and numerous support functions.

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