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CalPERS Benefits Education Event in Garden Grove

Posted: 8/3/2018 Tags: events retirement Tags Views: 398

The California Public Employees' Retirement System (CalPERS) is hosting a two-day CalPERS Benefits Education Event (CBEE) in Garden Grove to inform members about programs and benefits available to them. This event will take place at the Hyatt Regency Orange County on Friday, August 24, and Saturday, August 25, 2018 from 8:30 a.m. to 4:00 p.m..

Whether new to CalPERS, in mid-career, or close to retirement, CBEEs offer all CalPERS members a wealth of information about their retirement and health benefits, supplemental savings plans, long-term care coverage, and more. Representatives from CalPERS Regional Offices will be on hand to answer questions. The event features breakout sessions specific to both early through mid-career members, and those nearing retirement. Topics to be covered include CalPERS retirement benefits, CalPERS health benefits, and deferred compensation.

For more information and to register, visit CalPERS Benefits Education Events.


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CalPERS Update: Earnings and Health Benefit Plans

Posted: 7/19/2018 Tags: benefits pension retirement Tags Views: 837

CalPERS has reported a preliminary 8.6 percent net investment return for the 12-month period that ended June 30, 2018. This is the second year in a row that earnings have exceeded the long-term assumed rate of return, which is 7.25% for the current fiscal year. With assets of more than $351 billion, CalPERS overall funded status rose three percentage points to an estimated 71 percent.

CalPERS has also concluded negotiations with health plan providers for 2019. Overall rates will increase 1.16 percent with members in Basic Health Maintenance Organization (HMO) plans seeing an average increase of 0.37 percent and members in Preferred Provider Organization (PPO) plans will see an overall average increase of 2.83 percent. While these are averages, some plans have significant increases (22.96% for Anthem HMO Traditional and 19.80% for PERSCare PPO) and some plans have significant decreases (-25.56% for PERSSelect PPO). Over the objections of ACSS and other state employee advocates, HealthNet will be leaving the Sacramento market in 2019 and Blue Shield Access+ will exit from eight Bay Area counties in 2019.

Because of the wide variances in rates and changes in plan availability, it will be particularly important to evaluate your options during this year's Open Enrollment period from September 10 to October 5.  CalHR will soon release the "CoBen Allowance" for 2019 which is the state employer contribution for health, dental and vision for the 2019 calendar year. Prior to Open Enrollment, CalHR will update the "Benefits Calculator" on the CalHR webpage which allows comparisons of out-of-pocket costs depending on health benefit selections. ACSS will provide the CoBen Allowance amount for 2019 and a link to the Benefits Calculator when it is available.


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May Revision of the Budget: Continue Saving for the Future as Surplus Grows

Posted: 5/16/2018 Tags: benefits budget legislation pension policy retirement salary Tags Views: 1124

Governor Jerry Brown released his May Revise of the Budget on May 11th, 2018. ACSS Legislative Advocate Ted Toppin provides relevant analysis and insight of the May Revise that may be of interest to managers, supervisors and other excluded state employees:

“The state continues to generate revenue at unprecedented levels and now it is coming in faster. In January, the surplus was predicted to be $6 billion. The surplus now is expected to be $9 billion.

The May Revise proposes saving for the future. In January, the Governor proposed to put an additional $4.4 billion into the state rainy day fund, topping it out at $13.8 billion – the constitutional limit. In the May Revise, he socks another $3.3 billion into a different reserve account.

Budget negotiations between the Administration and the Legislature will now heat up. The Governor will urge restraint. Legislators of both parties will push for billions of dollars in additional spending. Ultimately, you can expect the Governor to agree to modest increased spending while keeping his rainy day reserves. Regardless, the Legislature will pass a budget by June 15 and the Governor will sign it by June 30.

Here’s what the May Revise says about issues important to ACSS members:

State Employee Compensation

The January budget proposal included $1.2 billion ($589.5 million General Fund) for:

  • increased employee compensation
  • health care costs for active state employees
  • retiree health care prefunding for active employees

The May Revise decreases this amount by $8.1 million to reflect:

  • corrections to 2019 health rates
  • natural changes to enrollment in health and dental plan
  • updated employment information for salary increases
  • updated employment information for salary increases
  • revised pay increases for judges
  • updated costs related to the salary survey estimates for the California Highway Patrol (Bargaining Unit 5)

State CalPERS Contribution

The state’s contribution – $6.2 billion – to CalPERS is down slightly ($18 million) from the January estimate. The decline in the revise is mainly driven by:

  • CalPERS’ higher than expected investment return in 2016-17
  • the benefit of the state’s additional $6 billion pension payment in 2017-18
  • higher than projected enrollment of members under the Public Employees' Pension Reform Act of 2013, who have lower benefit formulas

Overall, pension reforms are beginning to reduce costs. The May Revise proposes no additional pension reforms.

State Health Care/Retiree Health Care

The May Revise makes no changes to the expected costs of providing state employees and state retirees health care.

State Employee Position Increases

The May Revise also reports that there is expected to be an additional 3,878 position in state government next year for a total of 210,767 in FY 2018-19.”

The Governor’s complete budget summary and draft budget can be found here: www.ebudget.ca.gov.


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California Supreme Court to Review a Trio of Pension Cases

Posted: 4/26/2018 Tags: benefits legislation legislature pension policy retirement Tags Views: 1308

Protecting your pension and retirement benefits is a core principle for ACSS. Three cases pending before the State Supreme Court raise questions regarding the validity of the long standing “California Rule.” Since 1955, the courts have held under the California Rule that once pension benefits are granted to a public employee, they are vested and cannot be modified for the duration of an employee’s career.

>> Read more...


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CalPERS Benefits Education Event in Visalia - March 2 & 3

Posted: 2/9/2018 Tags: benefits retirement Tags Views: 688

The California Public Employees' Retirement System (CalPERS) is hosting a two-day CalPERS Benefits Education Event (CBEE) in Visalia to inform members in an 10-county area about programs and benefits available to them. This event will take place at the Visalia Convention Center on Friday, March 2, and Saturday, March 3, 2018. The same program is offered on each day, so attendees can select the day they wish to attend.

Whether new to CalPERS, in mid-career, or close to retirement, CBEEs offer all CalPERS members a wealth of information about their retirement and health benefits, supplemental savings plans, long-term care coverage, and more. Representatives from CalPERS Regional Offices will be on hand to answer questions.

Open both Friday and Saturday from 8:30 a.m. to 4 p.m., the event features breakout sessions specific to both early through mid-career members, and those nearing retirement. Topics to be covered include CalPERS retirement benefits, CalPERS health benefits, and deferred compensation.

For more information and to register for this event, visit https://www.calpers.ca.gov/page/newsroom/calpers-news/2018/benefits-education-event-visalia.


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Cast Your VOTE! Miller Will Protect YOUR Pension.

Posted: 9/23/2017 Tags: benefits election pension retirement Tags Views: 793

Hurry! Monday October 2 is the last day you can cast your vote in the CalPERS election. ACSS encourages you to support David Miller for CalPERS Board Member At Large, Position A. Miller is committed to putting the interests of CalPERS members first. Miller has spent 25 years as a union member, union leader and a founder of Californians for Retirement Security, the broad coalition formed in 2005 to fight against non-stop attacks on public employees and our pensions. With integrity and commitment, Miller will stand up to ensure the system is always there to provide retirement security for each and every employee and retiree.

Click here to vote online NOW! Miller needs YOUR support to help protect pensions and ensure the best interests for all excluded employees.


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CalPERS Benefits Education Event in Garden Grove - Sept 15 &16

Posted: 9/8/2017 Tags: benefits meeting retirement Tags Views: 650

The California Public Employees' Retirement System (CalPERS) is hosting a two-day CalPERS Benefits Education Event (CBEE) in Garden Grove this month to inform members about programs and benefits available to them. This event will take place at the Hyatt Regency in Orange County on September 15th and 16th, 2017. The same program is offered on each day, so attendees can select the day they wish to attend. 

Whether new to CalPERS, in mid-career, or close to retirement, CBEEs offer all CalPERS members a wealth of information about their retirement and health benefits, supplemental savings plans, long-term care coverage, and more. Representatives from CalPERS Regional Offices will be on hand to answer questions.

Open both Friday and Saturday from 8:30 a.m. to 4 p.m., the event features breakout sessions specific to both early through mid-career members, and those nearing retirement. Topics to be covered include CalPERS retirement benefits, CalPERS health benefits, and deferred compensation.

For more information and to register for this event, click here.  


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Check out the Third Quarter ACSS Newsletter - Member Spotlight and President's Corner

Posted: 8/3/2017 Tags: ACSS elections chapters membership retirement Tags Views: 1077

In case you missed it, check out the ACSS Quarterly Newsletter publication for July - September 2017.  The Q3 features a spotlight on ACSS member Manijeh Fatollahi who stepped up to lead Chapter 512 for over a decade. Also in this edition, check out the President's Corner where ACSS President Frank Ruffino urges members to make a difference, take action and become an Agent of Change as an ACSS Chapter Officer. 

Click here to read past issues of the ACSS Quarterly Newsletter publication.


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CalPERS Benefits Education Event in Santa Clara, July 21 & 22

Posted: 7/7/2017 Tags: benefits retirement Tags Views: 928

The California Public Employees' Retirement System (CalPERS) is hosting a two-day CalPERS Benefits Education Event (CBEE) in Santa Clara this month to inform members about programs and benefits available to them. This event will take place at the Santa Clara Marriott on Friday, July 21, and Saturday, July 22, 2017. The same program is offered on each day, so attendees can select the day they wish to attend.

Whether new to CalPERS, in mid-career, or close to retirement, CBEEs offer all CalPERS members a wealth of information about their retirement and health benefits, supplemental savings plans, long-term care coverage, and more. Representatives from CalPERS Regional Offices will be on hand to answer questions.

Open both Friday and Saturday from 8:30 a.m. to 4 p.m., the event features breakout sessions specific to both early through mid-career members, and those nearing retirement. Topics to be covered include CalPERS retirement benefits, CalPERS health benefits, and deferred compensation.

For more information and to register for this event, visit https://www.calpers.ca.gov/page/education-center/member-education/benefits-education-events.


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CalPERS Benefits Education Event in Fresno, April 28 & 29

Posted: 4/6/2017 Tags: benefits retirement Tags Views: 870

The California Public Employees' Retirement System (CalPERS) is hosting a two-day CalPERS Benefits Education Event (CBEE) in Fresno during April to inform members in an 11-county area about programs and benefits available to them. This event will take place at the Radisson Hotel Fresno Conference Center in Fresno on Friday, April 28, and Saturday, April 29, 2017. The same program is offered on each day, so attendees can select the day they wish to attend.

Whether new to CalPERS, in mid-career, or close to retirement, CBEEs offer all CalPERS members a wealth of information about their retirement and health benefits, supplemental savings plans, long-term care coverage, and more. Representatives from CalPERS Regional Offices will be on hand to answer questions.

Open both Friday and Saturday from 8:30 a.m. to 4 p.m., the event features breakout sessions specific to both early through mid-career members, and those nearing retirement. Topics to be covered include CalPERS retirement benefits, CalPERS health benefits, and deferred compensation.

For more information and to register for this event, visit https://www.calpers.ca.gov/page/newsroom/calpers-news/2017/benefits-education-event-fresno.


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