News Archives

Articles for category Retirees

Anthem Blue Cross Information

Posted Feb 13, 2015 by    categoryRetirees categoryHealth Care

Here is the link to the Anthem Blue Cross information page regarding the data breach and services being provided by Anthem Blue Cross.

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Lawsuits filed over Anthem data breach

Posted Feb 09, 2015 by    categoryCalPERS categoryRetirees categoryHealth Care

Class-action lawsuits have been filed in California and two other states against health insurer Anthem over a data breach affecting about 80 million customers, former customers and employees, Modern Healthcare reports.

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Turbo Tax reports data breach, suspends online filings

Posted Feb 06, 2015 by    categoryRetirees categoryGeneral News categoryState Economy

WALL STREET JOURNAL -- The nation’s biggest online tax-software company halted electronic filing of all state returns amid reports from states of criminal attempts to obtain refunds through its systems.

Intuit said its TurboTax unit took action Thursday after seeing attempts to use stolen personal information to file fraudulent returns for tax refunds.

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Massive breach at Anthem Insurance Company

Posted Feb 05, 2015 by    categoryCalPERS categoryRetirees categoryHealth Care

 As many as 80 million customers of the nation's second-largest health insurance company, Anthem Inc., have had their account information stolen, the company said in a statement.

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Governor's health proposal could hurt retirees

Posted Feb 05, 2015 by    categoryCalPERS categoryRetirees categoryHealth Care

If you’re a state retiree or planning to become one, a piece of Gov. Jerry Brown’s 2015-16 budget proposal could hit your wallet.

The governor’s plan envisions a new high-deductible, lower-premium health insurance policy for state workers. It would be paired with a tax-advantaged health savings account and take effect Jan. 1, 2016.

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Feckner and Jones are elected as CalPERS president and vice president

Posted Jan 21, 2015 by    categoryCalPERS categoryRetirees categoryRetirement categoryState Employees

The California Public Employees' Retirement System (CalPERS) Board of Administration unanimously re-elected Rob Feckner as Board president and elected Henry Jones as vice president. Feckner will be serving his 11th term as president, while it will be Jones' first vice presidential term.

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Figure in CalPERS corruption case apparently commits suicide

Posted Jan 14, 2015 by    categoryCalPERS categoryRetirees categoryGeneral News categoryRetirement

In failing health and facing up to 30 years in prison, businessman Alfred Villalobos apparently committed suicide before going on trial in connection with the bribery scandal at CalPERS.

Villalobos’ attorneys, appearing at a pre-trial hearing in U.S. District Court on Wednesday, disclosed that Villalobos died the day before. His death ends the government’s criminal case against the Nevada businessman –and largely closes the books on a corruption scandal that roiled the nation’s largest public pension fund.

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Key figure in CalPERS corruption case dies

Posted Jan 14, 2015 by    categoryCalPERS categoryRetirees categoryGeneral News categoryRetirement

The Sacramento Bee reported Jan. 14 that Alfred Villalobos, accused of bribing former CalPERS Chief Executive Officer Fred Buenrostro to influence the fund’s business decisions, has died.

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CalPERS fiscal health improves

Posted Jan 14, 2015 by    categoryCalPERS categoryRetirees categoryState Economy categoryRetirement

A new report on the fiscal health of CalPERS shows an estimated funding level of 77 percent for the Public Employees’ Retirement Fund (PERF) in 2014 – a positive growth of more than 7 percentage points over 2013. The PERF was funded at 69.8 percent as of June 30, 2013 based on the most recent actuarial value of assets. The PERF is the main pension trust fund that pays retirement benefits.

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CSR's legislative advocate Ted Toppin reviews the governor's proposed budget

Posted Jan 09, 2015 by    categoryCalPERS categoryRetirees categoryState Economy categoryRetirement

Budget deliberation kicked off in the Capitol this morning with the release of Governor Brown’s proposed 2015-2016 state budget.  He proposes $113.3 billion in general fund and $51.4 billion in special fund expenditures making for a $164.7 billion spending plan.  This represents a 1.4 percent bump over current year spending.

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