Longtime CSR and CSEA activist Gus C. Lease, also known by many as “The Voice of CSEA,” passed away Sept. 4 at the age of 93.
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.
Barbara LaPlante, the first female president of California State Retirees, Inc., passed away Aug. 14. She was 89.
LaPlante also had the distinction of holding the position of president – formerly known as director – for more than 10 years, longer than any previous member of California State Retirees, Inc., which is now known as California State Retirees. She also held many other positions in the organization, including regional director. [Read More...]
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.
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.
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.
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.
Sacramento, Calif. - After an extensive recruitment effort, California State Retirees (CSR) hired two new staff members: Dani Schenone and Jamee Villa.
Sacramento, Calif. - CalPERS recently announced Douglas Hoffner as the interim Chief Executive Officer. Check out the CalPERS article below for more information on Hoffner.
"Douglas Hoffner was named Interim Chief Executive Officer in July 2016.
He previously served as Deputy Executive Officer for Operations in Technology where he provided executive leadership over key enterprise functions including business and strategic planning, information technology, human resources, diversity and inclusion, and operational and facilities management.
Sacramento, Calif. - The California State Retirees Board of Administration voted to endorse the following candidates in the June 7 primary election:
The vast majority of the Democratic incumbents recommended for endorsement are legislators who CSR has endorsed in the past and/or supported financially. Republican candidates recommended for endorsement have supported state employee Memorandum of Understanding (MOU) bills to augment state employee pay and benefits, and the state budget which includes funding for retiree healthcare and CalPERS. They also refrained from demagogic attacks on public employee pensions. Most are running for reelection unopposed and/or without serious opposition in districts that strongly favor them. For these reasons, both recommended Democrats and Republicans are certain, or nearly certain, of advancing in June and winning in November 2016.
The open-seat candidates recommended here have completed CSR’s questionnaire (positively) and are strongly positioned to win in November.