CSR News

CSR endorsements for the June 2018 primary elections

Posted May 15, 2018

Please consider supporting CSR endorsed candidates in the 2018 elections. If you have any questions, please contact CSR at CSRinfo@CalRetirees.org or 916.326.4292.

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Cost-of-living adjustments for California state worker pensions are safe, for now

Posted Apr 25, 2018

Future state workers, your pension cost-of-living adjustments are safe and you won’t get to choose between a CalPERS pension and a 401(k) plan anytime soonBoth proposals were shot down on Monday by a Senate committee that rejected a pack of bills aimed at reducing the risk taxpayers face if an economic crisis cripples the state’s public pension funds.

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CalPERS retirees are suddenly worried about their pensions. What happened?

Posted Mar 19, 2018

Call it the Loyalton effect.

CalPERS’ decision in late 2016 to slash pensions for four retirees from the tiny mountain town startled the state’s public workers so much that their confidence in the $354 billion fund began to plunge to its lowest level in five years.

It showed in an annual survey conducted by the California Public Employees’ Retirement System that gauges how public employees, retirees, and local government leaders feel about the state’s largest pension system.

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Medicare Changes ID Cards to Prevent Fraud

Posted Mar 15, 2018

The Centers for Medicare and Medicaid Services (CMS) is taking a major step to help people with Medicare protect their identities from theft and fraud. CMS is removing Social Security numbers from current Medicare ID cards and replacing them with a unique Medicare number that does not contain a Social Security number. 

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The New York Times | ​​​​​​​The Real Reason the Investor Class Hates Pensions

Posted Mar 12, 2018

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets. And yet states and cities are busy converting traditional pensions into these failing 401(k)s or equivalents, to the great benefit of money managers and the finance class.

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Pension fund hits milestone: It’s earning more money than it’s paying out

Posted Feb 14, 2018

For the first time in years, CalPERS is stable enough that it no longer expects to run deficits into the middle of the century.

Though still underfunded, the $345 billion pension fund has a better financial outlook because it’s collecting more money from employers and making the most of recent stock market gains, its chief investment officer said on Monday. That should help it avoid scenarios where it has to sell investment assets to pay pensions.

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CalPERS Board Elects Priya Mathur as President, Rob Feckner as Vice President

Posted Jan 16, 2018

Petaluma, CA - The CalPERS Board of Administration elected Priya Mathur as board president and Rob Feckner as vice president. Mathur is the first female elected president of the CalPERS board. This will be her first term. Feckner previously served as board president and vice president.

 

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Brown Wins CalPERS Board Seat in Runoff; Joins Miller on Board

Posted Dec 12, 2017

Sacramento, CA - Margaret Brown was declared the unofficial winner today of the runoff election for a Member-at-Large seat on the CalPERS Board of Administration. New members' four-year terms begin January 16, 2018.

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Richard Costigan Re-Elected to CalPERS Board

Posted Dec 08, 2017

SACRAMENTO, CA - The California State Personnel Board (SPB) has re-elected Richard Costigan as its representative to the California Public Employees' Retirement System Board of Administration.

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California DMV to Offer REAL ID Driver Licenses and ID Cards in 2018

Posted Nov 20, 2017

The California Department of Motor Vehicles (DMV) will begin offering the option to apply for a federally compliant REAL ID driver license or identification (ID) card beginning January 22, 2018, at DMV offices statewide. Californians may choose either a REAL ID or a federal non-compliant card.
 

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CSR | Elections

Posted Nov 06, 2017

Please note: CSR has an upcoming election.

The Chapter Officers & Delegates Election is for new 3 year terms in all 26 chapters.

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CalPERS Board Member-at-Large Election Results

Posted Oct 05, 2017

 

David Miller was declared the unofficial winner of Position A on the CalPERS Board of Administration, while Position B will go to a runoff election next month because no candidate received a majority of the votes cast.

In the vote for the Position B seat, the top two vote-getters, Incumbent Michael Bilbrey and challenger Margaret Brown, will face each other in a runoff election.

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Charles Asubonten Named as CFO of CalPERS

Posted Sep 20, 2017

The California Public Employees' Retirement System (CalPERS) named Charles A. Asubonten as its chief financial officer (CFO) to oversee all of its financial systems and risk programs of the $336 billion pension fund.

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CalPERS Health Open Enrollment Starts September 11

Posted Sep 11, 2017

SACRAMENTO, CA - The California Public Employees' Retirement System annual health Open Enrollment period for the 2018 calendar year starts September 11 and ends October 6, 2017. During this time, members enrolled in CalPERS health plans have the opportunity to review health coverage options for 2018 from the system's seven Health Maintenance Organization (HMO) and three self-funded Preferred Provider Organization (PPO) health plans.

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CalPERS Board Election Voting Options

Posted Aug 24, 2017

The ballots will begin mailing on Sept 1, 2017, and then members (active and retirees alike) have the option to vote either by returning the ballot by mail, voting online or voting by phone.  

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CSR endorses Margaret Brown for Position B on the CalPERS Board of Administration

Posted Aug 23, 2017

CSR announced it has endorsed Margaret Brown for Position B on the CalPERS Board.

The 2017-2018 Member-At-Large election is the first to use The California Public Employees’ Retirement [Read More...]


CSR endorses two candidates for CalPERS Members-at Large seat

Posted Jul 31, 2017

CSR announced it has endorsed 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 2017-2018 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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