Author: Jamee V
Posted Feb 08, 2017 by Jamee V
CalPERS
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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Posted Jan 25, 2017 by Jamee V
CalPERS
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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Posted Jan 17, 2017 by Jamee V
CalPERS
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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Posted Jan 09, 2017 by Jamee V
CalPERS
CalPERS' Action on Discount Rate was a Prudent, Smart Decision
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Posted Jan 05, 2017 by Jamee V
CalPERS
Please review the message below from CalPERS in regards to the issue with OptumRX.
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Posted Jan 03, 2017 by Jamee V
CalPERS
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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Posted Dec 21, 2016 by Jamee V
CalPERS
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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Posted Dec 16, 2016 by Jamee V
Retirees
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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Posted Nov 22, 2016 by Jamee V
CalPERS
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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Posted Nov 22, 2016 by Jamee V
CalPERS
CalPERS is preparing more pension rate hikes, and they could cost government agencies billions of dollars.
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