CSR | Political Activity

2014 health care rates are recommended to CalPERS board

Posted Jun 18, 2013 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California Public Employees’ Retirement System’s (CalPERS) Pension and Health Benefits Committee (PHBC) today recommended the Board of Administration approve a 2014 health care package that would raise overall premiums next year by an average of 3 percent for the Pension Fund’s nearly 1.3 million health program members, the lowest average increase since 1998. The rate is lower than the 9.6 percent increase in 2013. If the full Board approves the new premium rates, they will take effect January 1, 2014.

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CSR Legislative Report

Posted May 14, 2013 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 seeking to catch errors, fraud in health enrollment

Posted May 07, 2013 by newspaper editor    2 Comment(s)  0 Likes Like Dislike

Jon Ortiz
Sacramento Bee
jortiz@sacbee.com 

CalPERS is moving to strike from government health care rolls tens of thousands of people it believes are mistakenly or fraudulently receiving benefits.

The fund, which is the second-largest health care purchaser in the nation after the federal government, figured last year that removing an estimated 29,000 wrongly listed children, spouses and domestic partners of government employees would save approximately $40 million annually.

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2013 retirement check pay day

Posted Dec 31, 2012 by newspaper editor    1 Comment(s)  -2 Likes Like Dislike

CalPERS retirement benefits are paid at the end of the month.

The chart below shows you the pay days for 2013. Since checks are issued by the State Controller's Office, they determine the mailing dates. If you have direct deposit, your financial institution has until the close of the direct deposit date to place the funds in your account. Please contact your financial institution to find out what time it places your funds in your account.
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CSR Board hikes dues for top retirees

Posted Dec 04, 2012 by newspaper editor    0 Comment(s)  2 Likes Like Dislike

Retirees who receive $4,000 or more in their monthly retirement warrants will see a $2 hike in their CSR dues payment beginning Jan. 1, 2013.

Dues will stay the same for CSR members who make less than $4,000 a month. It has been more than a decade since CSR raised dues for any of its members.

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CSR suggests candidates in the Nov. 6 election

Posted Oct 19, 2012 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

The California State Retirees Board of Directors is endorsing the following candidates in the Nov. 6 General Election.

Recommendations were made to the board by the CSR Political Action Committee (PAC), which considers each candidate’s voting record on issues such as protecting pensions and health benefits for state retirees.

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CalPERS approves long-term care premium increase

Posted Oct 18, 2012 by newspaper editor    1 Comment(s)  0 Likes Like Dislike

      The California Public Employees’ Retirement System (CalPERS) Board of Administration Oct. 17 approved an 85 percent premium increase for early purchasers of its Long-Term Care (LTC) Insurance Program policies. The increase, to be spread over two years, is being implemented to help stabilize the program’s underlying Long-Term Care Fund and will take effect July 2015.

      Members who opt to cover the increase in a single year will pay only 79 percent. Policyholders affected by the increase purchased two types of policies between 1995 and 2004: policies with lifetime benefits with inflation protection, and policies with lifetime benefits without inflation protection (California Partnership policies will be excluded).

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Medicare Part D mailing -- CalPERS members should do nothing

Posted Oct 04, 2012 by newspaper editor    0 Comment(s)  2 Likes Like Dislike

     CalPERS retirees should do nothing with the letter they received in September asking them whether they want to “opt out” of Medicare Part D, according to CalPERS officials.

     CalPERS is converting from the Medicare Part D Retiree Drug Subsidy Program (RDS) to a Medicare Part D Prescription Drug Plan (PDP) for Medicare-eligible members. Blue Shield and CVS Caremark are administering the Medicare Part D Prescription Drug Plan (PDP) for CalPERS effective Jan. 1, 2013, and they are responsible for sending the letters.

 These plans are Employer Group Waiver Plans (EGWP), governed by the Centers for Medicare and Medicaid Services (CMS). The centers require that health plans offer members a choice to opt out of the Medicare Part D Prescription Drug Plan. This opt-out provision was not a requirement under the Medicare Part D Retiree Drug Subsidy Program. 

 

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CalPERS weighs huge premium hike for long-term care

Posted Oct 04, 2012 by newspaper editor    2 Comment(s)  -2 Likes Like Dislike

It's an old-age safety net offered to California public employees: insurance to cover the exorbitant cost of staying in nursing homes, assisted-living facilities and the like.

Now most of the 150,000 or so Californians who buy long-term care insurance from CalPERS are facing what could be a big rate hike.

CalPERS is considering imposing a 75 percent increase in premiums on the vast majority of its long-term care policyholders. They would pay hundreds of dollars a year more – thousands, in some cases – as the California Public Employees' Retirement System tries to fix financial holes in the program.

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Steinberg: Lawmakers consider cap on pensions, not hybrid

Posted Aug 27, 2012 by newspaper editor    0 Comment(s)  0 Likes Like Dislike

Lawmakers charged with overhauling California's state and local public pension law are considering a plan to cap defined benefit pensions that would not include a second 401(k)-style component common in so-called "hybrid" retirement plans. "There will be a cap," Senate President Pro Tem Darrell Steinberg, D-Sacramento, during a hallway press conference this afternoon with Capitol reporters.

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