CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. CalPERS assets at the end of the fiscal year stood at more than $469 billion. The preliminary 21.3% return lagged behind the fiscal year total fund benchmark of 21.7%. Under the Funding …continue reading
The CalPERS Board of Administration approved health plan premiums for calendar year 2022, at an overall premium increase of 4.86%. Premiums for CalPERS’ Medicare Advantage plans are declining across the board from the previous year. Members enrolled in CalPERS’ Basic (non-Medicare) Health Maintenance Organization (HMO) plans will see an average …continue reading
There’s an old saying that you get what you pay for. If you’re looking to debunk that notion, there’s nowhere better to look than at health care in the United States. In the U.S., we pay almost twice what other wealthy countries pay for health care – on a per …continue reading
CalPERS announced that Chief Investment Officer Yu (Ben) Meng is resigning, effective August 5. Dan Bienvenue, deputy chief investment officer, will serve as interim chief investment officer. CalPERS will start an immediate search for a permanent successor. Meng has been CalPERS’ chief investment officer since January 2019. Under his leadership, …continue reading
The CalPERS Board of Administration today approved health plan premiums for calendar year 2021, at an overall average premium increase of 4.32%. Rates for CalPERS’ Medicare plans are declining across the board from the previous year. Included in the approved rates are the addition of a new health plan, coverage …continue reading
CalPERS CEO Marcie Frost sent the following letter to U.S. Representative James Banks: February 20, 2020 The Honorable James E. Banks U.S. House of Representatives 1713 Longworth House Office Building Washington, D.C. 20515 Dear Congressman Banks: Thank you for the opportunity yesterday to have members of my team meet with …continue reading
CalPERS is hosting a two-day CalPERS Benefits Education Event (CBEE) in Costa Mesa during August to educate members in a five-county area about programs and benefits available to them. This CBEE will take place at the Hilton Orange County/ Costa Mesa, 3050 Bristol Street, on Friday, August 9 and Saturday, …continue reading
CalPERS today reported a preliminary 6.7 percent net return on investments for the 12‐month period that ended June 30, 2019. CalPERS assets at the end of the fiscal year stood at more than $370 billion. Drivers of the return included the Fixed Income program, which generated a 9.6 percent net …continue reading