CSR News

CSR endorses two candidates for CalPERS Members-at Large seat

Posted Jul 31, 2017

CSR announced it will be endorsing two candidates: Michael Flaherman and David Miller for Position A on the CalPERS Board. “We are confident both candidates will continue to advocate for the rights of retirees,” CSR President Tim Behrens stated.

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OptumRx List of Specialty Drugs Moved to Lower Cost Tier

Posted Jun 01, 2017

Attached is a copy of the drugs that OptumRx moved down to a lower cost tier for EGWP/Medicare as of 4/1/17.

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New Voting Options for the 2017 Member-At-Large CalPERS Board of Administration Election

Posted May 30, 2017

CalPERS has announced their new voting procedures for the 2017-2018 election in hopes of increasing voter participation. Retired members (excluding survivors and beneficiaries) whose effective date of retirement is on or before July 1, 2017 are eligible to vote in this election. All eligible members will be able to cast their vote for two member-at-large seats in one of three ways...

 

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Longtime CSR leader Fritz Walgenbach passes away

Posted Apr 18, 2017

Fritz Walgenbach, who served 35 years in California State Retirees, the Association of California State Supervisors and California State Employees Association, passed away April 17.

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 CalPERS is changing the way 470,000 retirees receive their direct deposit receipts

Posted Apr 18, 2017

On Monday, April 17, CalPERS mailed notifications to the 470,000 affected retirees, which explains the change and instructs retirees to fill out and return a postcard if they want to continue receiving the information by mail. 

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Announcement: CalPERS Notice of Election for the 2017 Member-at-Large

Posted Mar 27, 2017

CalPERS Notice of Election for the 2017 Member-at-Large (MAL) Election was mailed out today (3/27).  The election is for a new term beginning January 16, 2018, through January 15, 2022. There are two seats in this election and both incumbents, JJ Jelincic & Michael Bilbrey, have declared their intention to run for re-election. 

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News Release | Social Security Announces New Online Service for Replacement Social Security Cards in California

Posted Mar 20, 2017

The Social Security Administration introduced the expansion of online services for residents of California available through its my Social Security portal at www.socialsecurity.gov/myaccount. Nancy A. Berryhill, Acting Commissioner of Social Security, announced that residents of California can use the portal for many replacement Social Security number (SSN) card requests. This will allow people to replace their SSN card from the comfort of their home or office, without the need to travel to a Social Security office.

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CalPERS' Board Approves Five-Year Strategic Plan

Posted Feb 16, 2017

Sacramento, CA - The California Public Employees' Retirement System (CalPERS) Board of Administration today approved a new five-year strategic plan that will serve as a blueprint for meeting the investment, retirement, and health benefit needs of members and their families into the future.

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CalPERS is focused on the challenges ahead By Richard Costigan | CalPERS board member

Posted Feb 16, 2017

Sacramento, CA - If you didn’t know any better, you’d think that CalPERS is the source of all California’s ills: higher taxes, bankrupt cities, reduced public services, lavish pensions, the list goes on. We’ve even been blamed for failing to catch the fact that Wells Fargo employees were creating fake bank accounts...
 

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Reuters reports | CalPERS's sees 5.8 percent return with new allocation; below 7 percent goal

Posted Feb 08, 2017

The California Public Employees' Retirement System expects a 5.8 percent annual investment return under its new portfolio asset allocation, significantly lower than the fund's assumed rate of return of 7 percent by 2020. 

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State Controller Yee Updates State Retiree Health Care Liability | Applauds Significant Steps to Prefund Obligation

Posted Jan 25, 2017

Sacramento, CA —The state’s cost for retiree health and dental benefits has grown to $76.68 billion, according to a report published today by State Controller Betty T. Yee. The liability represents the present-day cost to provide retiree health and dental benefits earned as of June 30, 2016 – one of the state’s largest long-term debts. 

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Supreme Court to consider CalPERS case against Lehman Bros.

Posted Jan 17, 2017

The U.S. Supreme Court agreed Friday to consider reviving an attempt by the California Public Employees’ Retirement System to recover some of the $300 million it lost when the Lehman Brothers investment bank collapsed in 2008.

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CalPERS CEO Marcie Frost has authored an op-ed piece responding in part to the recent criticism around the discount rate action

Posted Jan 09, 2017

CalPERS' Action on Discount Rate was a Prudent, Smart Decision

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Attention Members: The OptumRx website is experiencing technical difficulties

Posted Jan 05, 2017

Please review the message below from CalPERS in regards to the issue with OptumRX.

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California to Pay Billions More After CalPERS Cuts Assumed Rate

Posted Jan 03, 2017

Sacramento, CA - California will be forced to pay billions more in pension contributions for government employees after the state retirement system’s decision to lower its assumed rate of return.

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CalPERS to Lower Discount Rate to Seven Percent Over the Next Three Years

Posted Dec 21, 2016

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 once kicked the tobacco habit. Now it’s reconsidering

Posted Dec 16, 2016

The ongoing battle between CalPERS investing in the Tobacco industry has come to fruition this week as CalPERS is reopening a decade-long discussion about reinvesting in Tobacco after a 16-year ban. 

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CalPERS Knocked for Missing Wells Fargo Warning Signs

Posted Dec 09, 2016

Sacramento, CA - By Chris Reed

Critics of Wells Fargo’s scandal are raising questions about why the California Public [Read More...]


CalPERS to offer Diabetes Prevention Program Starting Jan 1, 2017

Posted Nov 22, 2016

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

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

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