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Author: Jamee Villa

New Update: PBI Security Breach

Posted Jul 28, 2023 by Jamee Villa    categoryCalPERS

Dear Valued Stakeholders,

 

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Court Grants Preliminary Approval to Second Settlement in CalPERS Long-Term Care Class Action

Posted Mar 13, 2023 by Jamee Villa    categoryCalPERS

CalPERS and attorneys representing plaintiffs today announced that a judge has granted preliminary approval to a new, second settlement of [Read More...]


Clarification on CalPERS premium update

Posted Aug 22, 2022 by Jamee Villa    categoryCalPERS

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Important Update from CalPERS: Health plan costs are increasing in 2023!

Posted Aug 17, 2022 by Jamee Villa    categoryCalPERS

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CalPERS Announces The 2023 Health Rates

Posted Jul 12, 2022 by Jamee Villa    categoryCalPERS

Today the CalPERS Board voted to approve the final proposed [Read More...]


CalPERS Board Member Resigns Due to Illness

Posted Jan 18, 2022 by Jamee Villa    categoryCalPERS

Dear Valued stakeholders,

CalPERS Board President Henry Jones has resigned his position on the Board due to health concerns, effective Friday, January 21st. This includes his role as Board President and also as the representative elected by CalPERS retired members. The seat will remain vacant until filled.

This morning, the CalPERS Board elected Theresa Taylor as President and Rob Feckner as Vice President. Both will serve one-year terms.

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CalPERS Board Selects New Asset Allocation for Investment Portfolio, Keeps Discount Rate at 6.8%

Posted Nov 16, 2021 by Jamee Villa    categoryCalPERS

The CalPERS Board of Administration today selected a new asset allocation mix that will guide the fund’s investment portfolio for the next four years, while at the same time retaining the current 6.8% target it assumes those investments will earn over the long term. The board also approved adding 5% leverage to increase diversification.

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California State Retirees wishes congratulations to the winners of its statewide officer elections.

Posted Oct 25, 2021 by Jamee Villa    categoryCalPERS

At CSR’s Delegate Assembly on October 20, former executive vice president Stephanie Hueg defeated incumbent Tim Behrens in the race for president. Elnora Hunter-Fretwell unseated Jay Jimenez as [Read More...]


David Miller & Jose Luis Pacheco Win CalPERS Board Seats

Posted Oct 01, 2021 by Jamee Villa    categoryCalPERS

David Miller and Jose Luis Pacheco are declared the unofficial election winners for the two Member-at-Large seats on the CalPERS Board of Administration.

Election results are considered unofficial until formal certification by the California Secretary of State, which is expected to occur in or around November.

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Update – Health Plan Alert – Anthem Blue Cross Reached Agreement with Dignity Health

Posted Jul 27, 2021 by Jamee Villa    categoryCalPERS

Anthem Blue Cross reached an agreement with Dignity Health for both the HMO and PPO plans. This agreement returns Dignity facilities and providers to all Anthem health plan networks.

This [Read More...]


CalPERS Reports Preliminary 21.3% Investment Returns for Fiscal Year 2020-21; Strong Returns Trigger Reduction in Discount Rate to 6.8%

Posted Jul 12, 2021 by Jamee Villa    categoryCalPERS

Sacramento, Calif. – CalPERS today reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021.

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CalPERS Names Marlene Timberlake D'Adamo Chief Diversity, Equity, and Inclusion Officer

Posted Jun 24, 2021 by Jamee Villa    categoryCalPERS

SACRAMENTO, Calif. – Chief Executive Officer (CEO) Marcie Frost today announced that CalPERS has named Marlene Timberlake D'Adamo as its first chief diversity, equity, and [Read More...]


Health Plan Changes for 2022

Posted May 19, 2021 by Jamee Villa    categoryCalPERS

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Risk Adjustment for HMO Basic Plans

Posted May 19, 2021 by Jamee Villa    categoryCalPERS

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How CalPERS Sets Health Rates

Posted May 19, 2021 by Jamee Villa    categoryCalPERS

A Message from CalPERS:

We set health rates, also known as health premiums, by way of our annual rate development process. We negotiate methodically with health carriers to achieve the most competitive rates possible for our members and employers.

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CalPERS retirees will get a cost of living increase this year. Here’s how much...

Posted Mar 10, 2021 by Jamee Villa    categoryCalPERS

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Update: Third District Court of Appeal rejected Transparent California’s effort to reverse the Sacramento Superior Court’s ruling

Posted Jan 15, 2021 by Jamee Villa    categoryCalPERS

On Monday, the Third District Court of Appeal rejected Transparent California’s effort to reverse the Sacramento Superior Court’s ruling that CalPERS could withhold records identifying which of its [Read More...]


Retirees: Important Reminder About January’s Direct Deposit

Posted Dec 09, 2020 by Jamee Villa    categoryCalPERS

An important message from CalPERS

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Update: CalPERS Benefit Verification

Posted Dec 07, 2020 by Jamee Villa    categoryCalPERS

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CalPERS Names James Sterling Gunn To Lead Trust Level Portfolio Management Program

Posted Oct 08, 2020 by Jamee Villa    categoryCalPERS

CalPERS announced today that James Sterling Gunn will join the pension fund as its new managing investment director of the Trust Level Portfolio Management Program.

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