CSR | Political Activity
Author: newspaper editor

David Crane swings and misses on CalPERS investments

Posted Jul 22, 2015 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

In an email to journalists and election officials, David Crane arrives at a false conclusion with his claim that CalPERS unfunded actuarial liability (UAL) will continue to grow unless the system achieves a return of at least 9.7%, not the 7.5% CalPERS currently assumes.

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CSR Legislative Report - July 17, 2015

Posted Jul 20, 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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CalPERS chief to cut volatility of pension fund

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

The California Public Employees' Retirement System, projected to have negative cash flow for at least the next 15 years, is looking to recast investment priorities to slash the complexity and volatility embedded in its $301-billion portfolio, officials said on Tuesday.

Fund officials, recognizing that the wave of retiring baby boomers means it will pay out more in benefits than it takes in from contributions and investment income - a gap that could reach $10 billion by 2030 - are expecting to pivot more toward assets that deliver reliable income than in the past.

 

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CSR Legislative Report - July 1, 2015

Posted Jul 01, 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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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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CVS is buying Target's drug stores and clinics for nearly $2 billion.

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

CNNMoney (New York) -  CVS Health (CVS) and Target (TGT)announced Monday that they've made a deal for CVS to acquire Target's pharmacy and clinic businesses for $1.9 billion

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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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