Experian has enrolled approximately 133,600 CalPERS members in credit monitoring. This represents approximately 17% of all [Read More...]
The preliminary 5.8% net investment return is an improvement over the prior fiscal year, when global financial volatility led to the fund’s first negative net return since the Great Recession.
The estimated funded status of the CalPERS portfolio now stands at 72%.
Basic (non-Medicare) plans will increase 10.95% overall. Members enrolled in CalPERS’ Basic Health Maintenance Organization (HMO) plans will have an average premium increase of 10.50%. Preferred Provider Organization (PPO) Basic plans will have an overall increase of 12.17%. Medicare plan premiums will rise 9.55% overall.
CalPERS announced a recent cybersecurity breach at their third-party vendor PBI Research Services/Berwyn Group (“PBI”).
The third party vendor, PBI, had a vulnerability in their transfer [Read More...]
A cost-of-living adjustment (COLA) is an increase in retirement benefits to keep up with inflation. If you’re interested in learning more about your CalPERS COLA benefit please take a look at the [Read More...]
CalPERS and attorneys representing plaintiffs today announced that a judge has granted preliminary approval to a new, second settlement of [Read More...]
The CalPERS Board of Administration has re-elected Theresa Taylor as board president and David Miller as vice president.
“It’s my privilege to be re-elected as president of the CalPERS [Read More...]
By Marcie Frost, Chief Executive Officer, CalPERS
Happy New Year!
As we forge ahead into 2023, the financial landscape looks very much like it did when we said goodbye [Read More...]
Yvonne Walker is the unofficial winner of the runoff election for the retired member seat on the CalPERS Board of Administration.
CalPERS retired members can expect a blue envelope that contains their ballot for the special board election in their mailboxes in the next few days.
The special election is for one vacant [Read More...]