State contribution increases. hkO#7/ Class . Bt@ View all health plan Summary of Coverage and Evidence of Coverage documents. They had been projected to increase substantially over that period, to 27.60%. endobj The exhibit below displays the minimum required employer contributions and the Employee PEPRA Rate for Fiscal Year 2020-21 along with an estimate of the required contribution for Fiscal Year 2021-22. endobj California Association of Highway Patrolmen (CAHP) (PPO). Restoration of 2020-21 General Fund Reduction, Historical Marginal Cost Enrollment Funding, Professional and Continuing Education (PaCE). The 2022-23 employer-paid retirement adjustment is equivalent to an increase of $68.5 million. 0000117200 00000 n In Fiscal Year 2020-21 the employer retirement rates for the Miscellaneous Tier 1 and Peace Officer/Firefighter decreased by 1.705% and 12.745% respectively from fiscal year 2019-20 retirement rates. California Correctional Peace Officers Association (CCPOA) (HMO). 20 0 obj endstream endobj 53 0 obj <>stream <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Blue Shield of California prescription benefits are administered by CVS Caremark. endobj Plans & Rates - CalPERS $@[ >UYy^. P_C.{>H >T9,@/I!dW s4O N Y\r.%Kkp%t%`2z z'X$!Ec _HNaCe2U h Tm s*'}k endobj Changes to Districts' Contribution Rates [EdBudget] - California Analysis Schools Employer Contribution Rates for 2020-21 . Active subscribers are subject to the 80-80 or 85-80 formula. 24 0 obj Allocatedto plans in proportion to State's generalfund CalPERS contributions Reduced total FY 2021-22 required contribution by approximately $1.4 billion, equivalent to 6.18% of total payroll Improved the funded ratio by about 1.2% - $268M contributed to CHP in August 2020 Will be reflected in the June 30, 2021 funded status PDF 2021 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES The Miscellaneous Tier 1 employee contribution rate established in July 1, 1976 remains in effect for employees that began state employment prior to 2013 (classic member). 0000115858 00000 n endobj Classic Members (Hired prior to January 1, 2013): Effective July 1, 2015 the rate increased from 8.15% to 9.2%. <> Employees hired before then will continue to contribute 7%, as guaranteed by state law. the fiscal year, if that number holds, the Funding Risk Log in to your member$j(document).ready(function() { $j('body').append("

Log in as an active member, retiree, non-member, community property payee, beneficiary, survivor or health subscriber.

" ); }); or employer$j(document).ready(function() { $j('body').append("

Log in as an employer or business partner if you're a representative of the State of California, a public agency, school, reciprocal or non-reciprocal retirement system, health carrier, medical vendor group, independent medical examiner, job assessor, direct authorization or service provider.

" ); }); account. <> Contributions next year will still be a record high, jumping from 22.92% of an employee's salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. promised benefits. 16 0 obj ;( jQ@uc *_@zy`Fm0Z$aGVBl. (`c/IQ G*EK`z/2-9q8vW1fw(^ &m['Rc>iVF$v#8&;+~68#oA(g(U7;q\f>- ?7CnrA|+!c?XAnjGo=|QnNCS.yV{78Vx9b&46}NJa`xPf:%Jb4ANIJ|D}_ Nyq rate of 16.92% would be the net value of the employer contribution rate when applying the state subsidy of 2.18% to the employer contribution rate likely adopted by CalSTRS of 19.1%. 2023 2022 State & CSU Members Public Agency & School Members Health Plans View all health plan Summary of Coverage and Evidence of Coverage documents. <> Funding plan - CalSTRS 66 0 obj <>/Filter/FlateDecode/ID[<96B32480A50DBF40ADD9EFB432588241><6AA6A6B0CE55104A83D40B41F76D5E16>]/Index[49 41]/Info 48 0 R/Length 90/Prev 132668/Root 50 0 R/Size 90/Type/XRef/W[1 3 1]>>stream California Correctional Peace Officers Association (CCPOA) (PPO). 17 0 obj PDF Circular Letter #200-039-21 - Antelope Valley College Beginning January 1, 2023, Blue Shield EPO is available only in Alpine, Calaveras, Colusa, Inyo, Lake, Lassen, Mendocino, Modoc, Mono, Plumas, Siskiyou, Tehama, Tuolumne, Shasta, and Sierra Counties. ]-;8PMlQ16BR@Y&UZ`2^x@[heVacY.Tz2= hL u{\ .bl$hqJt occa2|$f\KNo2=.-QB @cfIN0UvqV=9PFfk62]c6hn{:(0D|{d3]wNG~PO8RT4{X 0MI]NMu!ZSEC22P= 3zc!QNsL tC3o>F"E dX+M;azdp=<2RB Lj+gY(Iy5\2wav>ivW9sYtIIn0B.y:IZvpC+) *wJ#?8yeUzW('*6B)IM, d11}S-$j-k,*&go?p( |>8)Cf\d^k@Tx!9UMl`)7Ak`:62V:y{#C(I]a;L#mGoUA4'X.7 WB 0000115833 00000 n employer contributions in this report do not reflect any cost sharing arrangement you may have with your employees. until the 2023-24 fiscal endobj Counties that are interested are encouraged to monitor and "s4hQ7$K)2_7jt@|Zcr7}[4$_ $^$r/If&[uxX,=9Xp[Qy{M;Ufqvwk=]V|=+c~:#R>:iLew8Nr0Y-6LTcYAV}{X6/Ec-IJ9r%jbR6!$BIVbpMmNRDR-uQ:L%rZ;Y+kQRM \kc2h N(1J+9mHk\Ym RMK,fzb endobj 0000116358 00000 n %%EOF systems, which rely on investment gains to provide over half of Beginning July 1, 2014, PEPRA covered members wererequired to cover half of normal costs. endobj 811 0 obj <>stream CalPERS provides pensions for employees of Santa Clara County and most cities except San Jose and San Francisco. Contact the health plan before enrolling to make sure they cover your ZIP Codes and that their provider network is accepting new patients in your area. Welcome to myCalPERS. [ 20 0 R] endstream endobj startxref percent the discount rate would drop to 6.75 percent. PDF PEPRA Pension Compensation Limit Letter for 2021 endstream endobj startxref 0000003183 00000 n 0000002562 00000 n 1684 0 obj <>stream 49 0 obj <> endobj hbbd```b``VLA$#?} , Dr9j PDF Actuarial Circular Letter - Antelope Valley College While those changes would make contribution rates higher than 0 P5 The 2020-21 employer-paid retirement adjustment is equivalent to a decrease of $42.7 million. endstream endobj 61 0 obj <>stream This ensures that your CalPERS premiums are appropriate and competitive for where you live. 1655 0 obj <> endobj To find your specific health plan premium rates, choose your region from the options below: View the 2023 COBRA premiums by region (PDF). stream ]i: Iv/VBx?|} |[!T#3-wv6k, TujPVeRwy PDF To: Directors, Business - OCDE xref returns, the more the discount rate is reduced. These rates are effective with the first payroll period that ends in July 2021 and are in effect for fiscal year (FY) 2021-22. participate in the CalPERS Retirement Benefit Formulas State employee retirement benefits vary due to pension reform established in 2010, 2011, and 2013 through bargaining and legislative changes. 9 0 obj CalPERS adopts new contribution rates | Pensions & Investments Open Enrollment is an annual process that occurs in the fall. However, the extraordinary gains over the past fiscal year will <> Coverage Level All Employees (except Teamsters 2010 Unit 6) Teamsters 2010 - Unit 6 myCalPERS - Log In - California x[mo8 k((PHM~p;m%YUl3-PYr^yOrI'{i7/!^8Y_?Xt$4#z/yL3K-No8FLz+b7O:`+,~pWv=FuD+p=]+c(/t(I5O4T0\}>l,# N5q1oopF\V: T^:#]PjgZAL9#BY#+j\^c:QF{]r mMZv#j23\iTTisFkz+juNhGV1uA#v ; 9---au . Privacy Policy hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U %PDF-1.7 % 0000072907 00000 n NM,.m ^byQ:mBk[v.FJ![tccEuce-k|zsJ/TcuX3;Z#f+h]K=gHl#'eHv-v "64{jWhp62k(qcc[^zHBm2{]`#D+s$p*Xom_ p*O3^ ?/'a`zEL&%ZJxtCqZjqv^7H[#)" qTlxJ$Qf>fwp]ks(| BI!9;TP5OJd"e tV6Fd e&{dM4Yc!u(JbDv7|y qYG OptumRx is the PBM providing prescription benefits for this health plan. The remaining two percent of CSU employees with CalPERS retirement benefits have designated CalPERS Peace Officer/Firefighter benefit levels. Anthem Blue Cross EPO is available only in Del Norte county. exceed assumptions by at least 2 percent, the discount rate, or The fiscal 2021 returns bring CalPERS' fund performance to 10.3% for the five-year period, 8.5% for the 10-year period and 6.9% for the 20-year period. strengthen the system even further and will directly affect CAHP prescription benefits are administered by Express Scripts. these consequential issues will be discussed, debated, and x 3IikpF.n b"(]@T6hb( For employees with state employment dates on January 1, 2013 or later (new CalPERS member), the employee retirement contribution rate is determined by the Public Employees Pension Reform Act of 2013 (PEPRA). 0000116289 00000 n <>>> contribution rates and a reduced discount rate. 11 0 obj investment goals, but it also means somewhat higher upfront costs Projections for 2021-22, 2022-23, and 2023-24 . months of its The following table provides a ten-year overview of CalPERS employer-paid retirement contribution rates and adjustments from 2011-12 through 2020-21: Beginning with the 2013-14fiscal year, the annual state budget placed a limit on the states obligation to adjust CSU retirement funding due to annual changes in CalPERS rates. Kaiser Permanente Senior Advantage Summit. The 2020-21 employer-paid retirement adjustment is equivalent to adecrease of $42.7 million. The following table provides a ten-year overview of CalPERS employer-paid retirement contribution rates and adjustments from 2013-14 through 2022-23: %Grs7drvzYwpqqyy=G )#nr7JcP,KuyHU3Ad_E>fa,9"xS-$|OgI. Upon final approval by the Board, CalPERS staff will prepare and issue a Circular Letter to notify state employers of the contribution rates each fiscal year. 0000007720 00000 n The contents of this letter are nonbinding and advisory only, You must belong to the specific employee association and pay applicable dues to enroll in the CAHP. 5 0 obj hb```b````c``ed@ AV ha`*303 h`` K"e(f`d`ddL`ehcfghp/|DLBLyvA:C'4 J {hf4#y n!g4Dq@ endobj [ 15 0 R] Meanwhile, the contribution rate of employees hired after Jan. 1, 2013, when the pension reform law known as PEPRA took effect, will rise from 7% to 8% of pay. endobj nRJ-F0)(*}=! The Panel intends to provide similar calculations in future years. endobj Some health plans are available only in certain counties and/or ZIP Codes. CalPERS fiscal-year 2021 returns and discount rate change also impacts its funded status. PUBLISHED: December 3, 2021 at 12:56 p.m . And rates will come down gradually over the following four years until reaching 22.5% of salary in 2026-27. %%EOF Member contributions other than cost sharing (whether paid by the . OptumRxis the PBM providing prescription benefits for this health plan. 0 stream Consolidated Benefits (CoBen) - CalHR - California 47 0 obj <> endobj CCPOA prescription benefits are administered through Blue Shield of California. In general, a lower discount rate means the system can pursue 0000001652 00000 n PEPRA members for Calendar Year 2021 will increase to $128,059 for members participating in the federal system (7522.10(c)(1) limit) and $153,671 for members not participating in the federal system (7522.10(c)(2) limit). The policy is designed to hYk@dgH8(,]c,s7.XZKisJX.qD8*AKh Effective July 1, 2016 through June 30, 2021, the rate increased from 9.2% to 10.25%. Effective Date: January 1, 2023 The results of that review could result in a decision PDF 2022 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES regular, though infrequent, review of its investment PORAC prescription are administered by Anthem Blue Cross. 2021 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost . *U5jhi3m"K[oT$APP2id-z1~6vH)'H;} {s}l%( h^!U^3QP}Ma(6UYvQ_gGKg'1.E'U:YkSHBc6m}__ y:tkqKqoXv,siYBjO3xy)nMy3CIV47^Twa6Kd 6 780 0 obj <> endobj 0000002398 00000 n 0 %%EOF The new CalPERS Miscellaneous Tier 1 members hired in 2013 and beyond under PEPRA shall contribute half of the normal cost of CalPERS retirement benefits, which is currently 6 percent of compensation without the $513 offset. One of the results of those investment gains The state Department of Finance processes state agency retirement adjustments during the fiscal year. January 1, 2023. <> Access Anthem Blue Cross Transparency in Coverage Machine Readable Files on their website. PDF CalSTRS Contribution Rate Increase Expected for 2021-22 <> For 2019-20, 2020-21, and 2021-22, employers' rates are offset by contributions from the state on their behalf, resulting in lower effective contribution rates compared to actual rates received by the pension systems. CalPERS gambles with taxpayer money once again - Daily Breeze e6$9_m_D5 U -Qp`.k>T F 0h/sG@ %"ptoVU]k0Z^ %knIayS`m.|W6x6LPvn6lbSk1,! l8%}n9ks)(!0_xFvT qfqV3q|h[j0Wi9O@T+YU18V`J[5+ \5)}Uox2eEh?9Gz$'A`VV1IYEIH>#Z-\ |hTY^1-4 +R4>;rtgpdYv*r~`73p'R3CZ8AuX:XjY ?8s|/4@PnP4{.s[E5* Peace Officers Research Association of California 3~X 76cEE%~;lpL yH5K")YVRqr.ALp'L0 K4E 7ART vHtU )T#iI7SX]bQsx.S!$S t-t9z :,m{Y-^Ztj^(wI#bX,,-Fq hbbd```b``:" N -`0 NA?` 6L@DbFg` D 0000009247 00000 n %PDF-1.7 % fg R]iY4tf>I|A'\"wy,-,D>dn#\Osh@9\$2.G#:76{lH$b:6mNsD discount rate and commensurate changes to the investment Zjevj`hK @2Hs10=^Aj @ @A@ endobj 22 0 obj Code . California State Controller's Office: PEPRA 2020, 2021, 2022 <> CalPERS ID: 7895043818 Rate Plan belonging to the Miscellaneous Risk Pool Page 4 Required Employer Contributions Fiscal Year Required Employer Contributions 2021-22 Employer Normal Cost Rate 14.02% Plus, Either Or 2) Annual UAL Prepayment Option* $44,134 Pension reform measures have included changes in contribution percentages and retirement benefit formulas based on employment dates. endstream endobj 781 0 obj <>/Metadata 12 0 R/Names 795 0 R/Outlines 16 0 R/Pages 778 0 R/StructTreeRoot 17 0 R/Type/Catalog/ViewerPreferences 796 0 R>> endobj 782 0 obj <>/MediaBox[0 0 792 612]/Parent 778 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 2/Tabs/S/Type/Page>> endobj 783 0 obj <>stream year. The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. At the end of the third quarter, CalPERS investments had gained decided. regular, though infrequent, review of its investment Pension reform changes began in 2010 and continued to be expanded through 2013. 1126 0 obj <>/Filter/FlateDecode/ID[<240143012120F542ABC9E26A8E71D662><507FF1F9790C3D45996B5299AA5A94D4>]/Index[1112 28]/Info 1111 0 R/Length 81/Prev 569799/Root 1113 0 R/Size 1140/Type/XRef/W[1 3 1]>>stream Welcome to myCalPERS. hbbd```b`` "fHFM$dE`m`v1T]`,f+I!^$/']=o20Eg C Human Resources Manual - CalHR - California portfolio, alana[remove-this-and-replace-with-at]ca211.org, dhaus[remove-this-and-replace-with-at]southlandind.com, mason[remove-this-and-replace-with-at]hipcamp.com, info[remove-this-and-replace-with-at]csacfc.org, tcarey[remove-this-and-replace-with-at]letsgetchecked.com, jgodkin[remove-this-and-replace-with-at]cglcompanies.com, moira.kenney[remove-this-and-replace-with-at]uniteus.com, christen[remove-this-and-replace-with-at]govinvest.com, michael.posey[remove-this-and-replace-with-at]lsslibraries.com, brandon[remove-this-and-replace-with-at]rescueagency.com, ben[remove-this-and-replace-with-at]gxbroadband.com, lloyd.levine1[remove-this-and-replace-with-at]t-mobile.com, chelsea.machado[remove-this-and-replace-with-at]essvote.com, Courtney.hastings[remove-this-and-replace-with-at]qlik.com, kfuentes[remove-this-and-replace-with-at]drcusa.com, gbalter[remove-this-and-replace-with-at]opengov.com, t.main[remove-this-and-replace-with-at]procureamerica.org, andrew.keifer[remove-this-and-replace-with-at]blueshieldca.com, jfiske[remove-this-and-replace-with-at]baronbudd.com, laura[remove-this-and-replace-with-at]caltrust.org, sarah.qureshi[remove-this-and-replace-with-at]nexteraenergy.com, cathy.varner[remove-this-and-replace-with-at]peraton.com, JB1F[remove-this-and-replace-with-at]pge.com, tbacon[remove-this-and-replace-with-at]us.ibm.com, mdiel[remove-this-and-replace-with-at]cchi4families.org, bm3620[remove-this-and-replace-with-at]att.com, narshi[remove-this-and-replace-with-at]alliant.com, michael.prosio[remove-this-and-replace-with-at]wellpoint.com, cbarna[remove-this-and-replace-with-at]cscda.org, monica.cardielcortez[remove-this-and-replace-with-at]cgi.com, joe.feliciani[remove-this-and-replace-with-at]welldynerx.com, beth_hester[remove-this-and-replace-with-at]comcast.com, rbrush[remove-this-and-replace-with-at]csac-eia.org, dsandall[remove-this-and-replace-with-at]dlrgroup.com, steven.bennett[remove-this-and-replace-with-at]dominionvoting.com, Lisa.m.holmes[remove-this-and-replace-with-at]ehi.com, pmello[remove-this-and-replace-with-at]hansonbridgett.com, allison.barnett[remove-this-and-replace-with-at]healthnet.com, Jennifer.Scanlon[remove-this-and-replace-with-at]kp.org, bilor[remove-this-and-replace-with-at]nationwide.com, ewestrom[remove-this-and-replace-with-at]synoptek.com, mwall[remove-this-and-replace-with-at]uhc.com, bob.fletcher[remove-this-and-replace-with-at]vanir.com, creheis[remove-this-and-replace-with-at]wspa.org. 4 0 obj Employer-Paid Retirement Adjustment | CSU - California State University could be reduced further. The higher the endstream endobj 1116 0 obj <>stream Throughout the years that this budget practice has been in effect, the state or students ultimately coveredthe unfunded liability above frozen pensionable payroll because retirement costs are mandatory and unavoidable. <> 5m_w:@h^pS\'Jl6pA=i1*"^ dTjJDn4 8vU6r4hEQAM <6I36^^C;|}.>P(^i,sRt>/BYj m,9hHKrwaqlLji{{bfp(U@]"e6YLMR"e /1TBx,90%M"s! endstream endobj startxref The majority of CSU employees (approximately 98 percent) with CalPERS retirement benefits fall within the CalPERS Miscellaneous Tier 1 category. % Access Health Net of Californias Transparency in Coverage Machine Readable Files on their website. endstream endobj 54 0 obj <>stream This is an increase compared to both the current year rate of 16.15% and importantly against what LEAs are currently expecting in 2021-22, at 15.92%. endstream endobj 1113 0 obj <>/Metadata 110 0 R/Names 1127 0 R/OCProperties<>/OCGs[1129 0 R 1130 0 R]>>/Outlines 203 0 R/OutputIntents[<>]/Pages 1110 0 R/StructTreeRoot 208 0 R/Type/Catalog/ViewerPreferences 1128 0 R>> endobj 1114 0 obj <>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 49/Tabs/S/Type/Page>> endobj 1115 0 obj <>stream HTM0+U8Zd+V=4^LmUKfA''!J}}Hi0$cx0d=,(Ys,[i3!!}oi?,LWps3}X~;<3Qu}>]adCuqO!dm9H!~+TaE@e2.FP,zF{|o <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 24 0 R/Group<>/Tabs/S/StructParents 1>> &U+]k"KL,/@"@("3 v * Contributions next year will still be a record high, jumping from 22.92% of an employees salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. 1 0 obj 2023 EdSource. %PDF-1.6 % Hn@s(R jTHu*WZwmX W|?fo 6O>&`L>_"asp?%+PddKjVx gjx?fk09eM:6Xyjl@~_Nw%d$tvNb&Zi? Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California, View all health plan Summary of Coverage and Evidence of Coverage documents, Your Rights and Protections Against Surprise Medical Bills (PDF), California Health Care Quality Report Cards, COVID-19 Test Kits for CalPERS Health Plan Members, Uniform Glossary of Health Coverage and Medical Terms (PDF), Your Guide to Choosing a Health Plan (PDF), PERS Platinum Supplement to Medicare Plan, UnitedHealthcare Group Medicare Advantage. All Employee Groups (except Teamsters 2010 - Unit 6) - Unit 6 2021 Amount Paid by EmployeeEmployee 2020 Amount Paid by Employee 2021 Amount Paid by 2020 Amount Paid by Anthem Blue Cross Select . With inflation accelerating costs in most areas, school districts received some good news from CalPERS, the pension fund serving school employees other than teachers and administrators. The Enrollment Level field indicates if an employee is enrolled in a CalPERS Classic or PEPRA 0000005872 00000 n *CoBen is the employer-provided benefit allowance for employees in bargaining units 2, 7, 8, 16, 17, 18, and 19, and excluded employees, to offset the cost of health, dental, and vision benefits. This reflects a $330 million View Annual Health Plan Changes for details on health plans, service areas, and benefit design changes for 2023. slightly reduce the discount rate. PDF 2021 Rates Updated as of 02-01-2021 - California <> Note: The Prudent Buyer Network for CAHPs Basic and Combination Plan is available only in California and in limited areas of selected states outside of California. (PORAC) (PPO). 0000115352 00000 n 0000007134 00000 n in the 2023-24 fiscal year (schools and the state are affected %%EOF All rights reserved. 8 0 obj endobj 0000003423 00000 n jAr-$2N?3.%desk f <]/Prev 134159/XRefStm 1328>> 0000006427 00000 n 0000117225 00000 n almost ever broad investment category has enjoyed banner returns City of Anaheim FY 2021/22 FT CalPERS Rates endstream endobj 84 0 obj <>/Filter/FlateDecode/Index[7 40]/Length 20/Size 47/Type/XRef/W[1 1 1]>>stream Log in to your member or employer account. All health plans have geographical restrictions except for PERS Platinum. The CalPERS board is expected to approve the new projected rates at its board meeting in April. over the past year. |D9EV$ZW^1vZ\PWQx . The CSU cannot hire additional employees or provide continued investment to ensure competitive salary and benefits salary without the proper level ofstate funding. Please enable scripts and reload this page. <> 1139 0 obj <>stream endstream endobj 48 0 obj <>/Metadata 5 0 R/Names 49 0 R/Pages 4 0 R/StructTreeRoot 7 0 R/Type/Catalog/ViewerPreferences 50 0 R>> endobj 49 0 obj <> endobj 50 0 obj <> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 4 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 52 0 obj <> endobj 53 0 obj <> endobj 54 0 obj <> endobj 55 0 obj <> endobj 56 0 obj <> endobj 57 0 obj [226 0 0 0 0 715 682 0 303 303 0 0 250 306 252 386 507 507 507 507 507 507 507 507 507 507 268 0 0 0 0 0 0 579 544 533 615 488 459 631 0 252 319 0 420 0 0 662 517 0 543 459 487 0 567 0 519 487 0 0 0 0 0 0 0 479 525 423 525 498 305 471 525 230 239 0 230 799 525 527 525 525 349 391 335 525 452 715 433 453 0 0 460] endobj 58 0 obj <> endobj 59 0 obj [226 0 0 0 0 0 0 0 312 312 0 0 0 306 267 0 507 507 507 0 0 0 0 0 507 0 276 0 0 0 0 0 0 606 0 529 0 488 0 0 0 0 0 0 0 874 0 0 532 686 563 473 495 0 0 0 0 0 0 0 0 0 0 0 0 494 537 418 537 503 0 474 537 246 255 0 246 813 537 538 537 0 355 399 347 537 473 745 0 474] endobj 60 0 obj <>stream endstream endobj 50 0 obj <>/Metadata 6 0 R/Names 67 0 R/Outlines 11 0 R/Pages 47 0 R/StructTreeRoot 12 0 R/Type/Catalog/ViewerPreferences 68 0 R>> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 47 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 3/Tabs/S/Type/Page>> endobj 52 0 obj <>stream endobj no-M[Kpf0e |Ml 2.=uZBm.3)bT2r#$F`D l^|]T$NmB}PkRSq>6\5. as early as this November and will take effect for local agencies reduce the rate to 6.8 percent, and if returns somehow exceed 24 From blue chips to meme stocks, from crypto to real estate, The effective employer contribution rate was adjusted from 19.1% to 16.15% for fiscal year 2020-21. endstream endobj 1656 0 obj <. The table below shows the minimum required employer contributions and the Employee PEPRA Rate for fiscal year 2021-22 along with an estimate of the required contribution for fiscal year 2022-23. 0 Employer-paid contribution rates are adjusted each year in order to meet defined pension benefit obligations. PEPRA Compensation Limits - California State Controller (Article 9.1.3) Improving Affordability and Access to Healthcare Effective July 1, 2020, all SEIU employees enrolled in a CalPERS health plan will . The following CSU Systemwide Human Resources technical letters provide further details on pension reform measures: You may be trying to access this site from a secured browser on the server. In mid-July, when they announce their final returns for Previous projections reflect rates at the time of the Governor's Budget proposal. Kaiser administers its own prescription benefits. Check with your employer to determine your contribution amount. The state's contribution came in after CalPERS' valuation date and will not be reflected in CalPERS' funded status until the June 30, 2020, actuarial review, she said. Kaiser Permanente Senior Advantage Summit is available as of January 1, 2023. CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. 0000002853 00000 n 0000008525 00000 n New Members (Hired on January 1, 2013 or later): Effective July 1, 2015 the rate increased from 8.15% to 8.56% 0 21 0 obj This plan has no geographical restrictions. 0000001328 00000 n 0000002239 00000 n endobj 0000001728 00000 n endobj

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