CSR | Legislative Activity
Articles for category CalPERS

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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With investments soft, CalPERS eyes higher contribution rates. What does that mean for workers?

Posted Nov 22, 2016 by Jamee V    1 Comment(s)  0 Likes Like Dislike

CalPERS is preparing more pension rate hikes, and they could cost government agencies billions of dollars.

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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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