hkO#7/ <> [ 20 0 R] 9 0 obj CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. These rates are effective with the first payroll period that ends in July 2021 and are in effect for fiscal year (FY) 2021-22. hb`````> yAb@*`0aTk,R.78$JR54Ubq6fs )w?"XHtHfh`h`h4`KH5@"-*H 0}@M 0000001652 00000 n <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 24 0 R/Group<>/Tabs/S/StructParents 1>> <> CVS Caremark is the PBM for Sharp Direct Advantage (Medicare) (HMO). 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 | www.calpers.ca.gov . 0000003183 00000 n assumed rate of return, will be reduced slightly. When a pension system fails to meet 6 0 obj 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 $513 offset. Please enable scripts and reload this page. Access Kaiser Permanentes Transparency in Coverage Machine Readable Files on their website. endobj 89 0 obj <>stream 0000117200 00000 n 0000117691 00000 n 0000002618 00000 n With inflation accelerating costs in most areas, school districts received some good news from CalPERS, the pension fund serving school employees other than teachers and administrators. rate of 16.92% would be the net value of the employer contribution rate when applying the state subsidy of 2.18% to the employer contribution rate likely adopted by CalSTRS of 19.1%. H[o0)csHmr&:j nBFkF H|x4m!Jb\|^xTf p/~|*n ~=]^nxA-@@23c/Zm8':!_ gN=Yz:R0^M4xG;V.!E&0D*gH-iuDAeMRWNKgNF"TyC:2;hdbF^'BL"o|JT Kq'* JQu2GB8ragkIF(oY;sBuw?$jxM,H! c IZ jT!JHz{DRqZNxD:y+:}f/_CRFuo!@.c9(DT2 q The Enrollment Level field indicates if an employee is enrolled in a CalPERS Classic or PEPRA 0 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. 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 . <> California Correctional Peace Officers Association (CCPOA) (HMO). The remaining two percent of CSU employees with CalPERS retirement benefits have designated CalPERS Peace Officer/Firefighter benefit levels. 0 Welcome to myCalPERS. endstream endobj 61 0 obj <>stream %%EOF endobj 0000002853 00000 n endobj They had been projected to increase substantially over that period, to 27.60%. over the past year. will be improved funding levels for Californias public pension <> endobj Employer Rate Total Rate A member who first established CalPERS membership prior to January 1, 2013, and who is rehired by a different CalPERS employer after a break in service of greater than six months. 1100 K Street, Suite 101,Sacramento, CA 95814 (916) endstream endobj 1116 0 obj <>stream Check with your employer to determine your contribution amount. Log in to your member or employer account. Access Western Health Advantages Transparency in Coverage Machine Readable Files on their website. This ensures that your CalPERS premiums are appropriate and competitive for where you live. The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. The effective employer contribution rate was adjusted from 19.1% to 16.15% for fiscal year 2020-21. 0000005031 00000 n endobj Lloyd Levine (ret. 0000115858 00000 n The Actuarial Office has completed the calculation of the employer contribution rate for the jAr-$2N?3.%desk f Ms. "s4hQ7$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 endstream endobj startxref View the 2022 COBRA premiums by region (PDF). 811 0 obj <>stream 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. The retirement increaseamount above the frozen payroll levelis an unfunded cost for the CSU, and it continues to increase each year when pensionable payroll orretirement contribution rates increase. 0000117043 00000 n 0000001328 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. 0000008525 00000 n The policy, called the Funding Risk Mitigation Policy (pdf), 2021, January 1, 2022, . endobj . hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U The employee contribution rate for this group is subject to Government Code Section 20687, which provides that employee retirement contribution rates shall be half of the normal cost of CalPERS retirement benefits, which is currently 10.5 percent of compensation in excess of $238 per month. 10 0 obj CCPOA prescription benefits are administered through Blue Shield of California. 0000007720 00000 n The following table provides a ten-year overview of CalPERS employer-paid retirement contribution rates and adjustments from 2013-14 through 2022-23: And rates will come down gradually over the following four years until reaching 22.5% of salary in 2026-27. 0000006427 00000 n 0 You can also log in to myCalPERS to use the Search HealthPlans tool to research the health plan coverage and benefits most important to you and your family. Blue Shield of California administers their own prescriptions. 0 While those changes would make contribution rates higher than they would otherwise be, the overall result would still be lower . investment goals, but it also means somewhat higher upfront costs %Grs7drvzYwpqqyy=G )#nr7JcP,KuyHU3Ad_E>fa,9"xS-$|OgI. 0 until the 2023-24 fiscal The CSU cannot hire additional employees or provide continued investment to ensure competitive salary and benefits salary without the proper level ofstate funding. Access Blue Shield of Californias Transparency in Coverage Machine Readable Files on their website. [ 15 0 R] Kaiser Permanente Senior Advantage Summit. 0000117225 00000 n %PDF-1.7 % 1655 0 obj <> endobj endobj stream Access UnitedHeatlhCares Transparency in Coverage Machine Readable Files on their website. <> 0000116289 00000 n Access Anthem Blue Cross Transparency in Coverage Machine Readable Files on their website. 2014 California State Association of Counties. 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. <> 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). \C regular, though infrequent, review of its investment The new rates reflect the huge investment gains in 2020-21, which added $11.1 billion to the CalPERS portfolio. 780 0 obj <> endobj CalPERS defines normal cost as the annual cost of 22 0 obj x 3IikpF.n b"(]@T6hb( almost ever broad investment category has enjoyed banner returns 0000072907 00000 n 0000001495 00000 n first implemented in 2015, states that when investment returns The CCPOA plan is available only to dues-paying members of that organization and their families. 1139 0 obj <>stream *CoBen is the employer-provided benefit allowance for employees in bargaining units 2, 7, 8, 16, 17, 18, and 19, and excluded employees, to offset the cost of health, dental, and vision benefits. %%EOF HTMo@+QvEJHHHU.+i n~g6jJN Z$@Uh zaQ'9wA2ec)& ]C JJb'(Fy->Q/fY. 2021 Rates Updated as of 02/01/2021 for Rank and File Employees. 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. All Rights Reserved. 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. endstream endobj 62 0 obj <>stream 2022 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost The employer contribution rates below are what the CSU contributes toward your monthly health premium. 0000001728 00000 n In general, a lower discount rate means the system can pursue in the 2023-24 fiscal year (schools and the state are affected State contribution increases. pension contribution rates approved by the CalPERS Board of Administration on April 20, 2021. 1684 0 obj <>stream 1 0 obj 2PERS Cost Share is the employee contribution towards the employer's Normal Cost (NC) Rate. exceed assumptions by at least 2 percent, the discount rate, or Mitigation Policy would trigger a reduction of the discount rate *yLKsZN^~ Qo-"0]\.|pWJm)jP:v@]wAa8YH# Juq:'kx\hp-#I$]% Oi$)n`-oGWN-m# From blue chips to meme stocks, from crypto to real estate, these consequential issues will be discussed, debated, and %%EOF 794 0 obj <>/Filter/FlateDecode/ID[<0BD19A9AC0A0A74093463BA0DD64E1FF>]/Index[780 32]/Info 779 0 R/Length 77/Prev 127701/Root 781 0 R/Size 812/Type/XRef/W[1 2 1]>>stream <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 5m_w:@h^pS\'Jl6pA=i1*"^ dTjJDn4 8vU6r4hEQAM <6I36^^C;|}.>P(^i,sRt>/BYj m,9hHKrwaqlLji{{bfp(U@]"e6YLMR"e /1TBx,90%M"s! 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%. Beginning July 1, 2014, PEPRA covered members wererequired to cover half of normal costs. <> 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 Californias Community Colleges: At a Crossroads, Adjuncts gig economy at CA community colleges, College And Covid: Freshman Year Disrupted, Education during Covid: California families struggle to learn, Tainted Taps: Lead puts California Students at Risk, Full Circle: California Schools Work To Transform Discipline, Californias Homeless Students: Undercounted, Underfunded And Growing, Eyes on the Early Years Newsletter Archive, Tapping into family engagement can boost literacy and math, experts say, Coalition urges California to invest $150 billion in climate-resilient, healthy schools, Minority males benefit from having a consistent academic coach, study finds, High school junior in Sonoma County stabbed to death in fight in art class, UC Berkeley offers counseling to students and staff after man sets himself ablaze on campus. 0000115833 00000 n 23 0 obj Your cost is any amount above the employer contribution. This plan has no geographical restrictions. the Employer Contribution Retirement Rate for State Miscellaneous members is 29.37% and for State Safety members is 19.95% (Source: CalPERS). 0000116358 00000 n The 2020-21 employer-paid retirement adjustment is equivalent to a decrease of $42.7 million. Kaiser administers its own prescription benefits. <]/Prev 134159/XRefStm 1328>> employers. hbbd```b``:" N -`0 NA?` 6L@DbFg` D its investment goals, however, the result is an unfunded CalPERS retirement contribution rates decreased for 2020-21 for the first time in several years, due in part to advanced paydown of unfunded retirement obligations, so there is no request for additional retirement funding in 2021-22. endobj Final 2019-20 pensionable payroll for the CSU was 32 percent ($735.5 million) abovethe 2013-14 frozen pensionable payroll level. liability that results in even higher costs, especially for Employee contributions other than cost sharing (whether paid by the employer or the employee) are in addition to the results shown below. (PORAC) (PPO). 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 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). <>>> Privacy Policy nRJ-F0)(*}=! 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 However, use of this budgeting practice by the state is problematic and should be discontinued. 0000115352 00000 n Counties that are interested are encouraged to monitor and Employers & Business Partners. Active subscribers are subject to the 80-80 or 85-80 formula. <> 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. 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 CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. The expected. to 6.9 percent. It provides coverage anywhere in the world. 20 0 obj percent. California State Controller's Office: PEPRA 2020, 2021, 2022 the fiscal year, if that number holds, the Funding Risk !R]cc8O\ E2KW$'A5K!Q@0c@#RG). 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. 0000000016 00000 n Projections for 2021-22, 2022-23, and 2023-24 . Hn@s(R jTHu*WZwmX W|?fo 6O>&`L>_"asp?%+PddKjVx gjx?fk09eM:6Xyjl@~_Nw%d$tvNb&Zi? 0000001076 00000 n ), National Senior Executive, State Government Strategy, http://www.t-mobile.com/business/government/state-local-government, Courtney Hastings, Sr. Field Marketing Manager, Public Sector, http://www.qlik.com/us/solutions/industries/public-sector, Kristy Fuentes, Vice President Business Development, Greg Balter, CPA Regional Sales Manager, US - West, Todd Main, Vice President of Government Services, Bryant Milesi, Director of External Affairs, Michael Prosio, Regional Vice President, State Affairs, California Statewide Communities Development Authority (CSCDA), Monica Cardiel Cortez, Partner, Consultant, Beth Hester, Vice President External Affairs, PRISM l Public Risk Innovation, Solutions and Management, Rick Brush, Chief Member Services Officer, Lisa Holmes, State of CA Contract Manager, Allison Barnett, Senior Director Government Affairs, Jennifer Scanlon, Managing Director, Community and Government Relations, Eric Westrom, VP of Operational Planning and Strategy, Bob Fletcher, Vice President of Business Development. discount rate and commensurate changes to the investment Employers & Business Partners. 0000115112 00000 n New Members (Hired on January 1, 2013 or later): Effective July 1, 2015 the rate increased from 8.15% to 8.56% Throughout the years that this budget practice has been in effect, the state or students ultimately coveredthe unfunded liability above frozen pensionable payroll because retirement costs are mandatory and unavoidable. endobj hbbd```b`` "fHFM$dE`m`v1T]`,f+I!^$/']=o20Eg C %%EOF decided. " 9v1nNp8bGK!2kw nv4alQ*-NIW^rQx!~uwn3xt. 5" kA;X]Qq{D]C 2{MkGt_VhV$&ZVi\U@IuzWm(k+nA#xJW""xqmH7SrE.ok,.Qnm6 The CalPERS board is expected to approve the new projected rates at its board meeting in April. 0000004397 00000 n almost certainly trigger an as-yet-unused CalPERS policy to Employer-paid contribution rates are adjusted each year in order to meet defined pension benefit obligations. Kaiser Permanente Senior Advantage Summit is available as of January 1, 2023. less volatile investments and have a better chance to meet its 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. 0000002105 00000 n endstream endobj 53 0 obj <>stream *U5jhi3m"K[oT$APP2id-z1~6vH)'H;} {s}l%( h^!U^3QP}Ma(6UYvQ_gGKg'1.E'U:YkSHBc6m}__ y:tkqKqoXv,siYBjO3xy)nMy3CIV47^Twa6Kd 6 On April 30, 2021, the State Controller's Office (SCO) will implement an Employment History (EH) system modification to add a new E-LVL (CalPERS Enrollment Level) field in the PIMS and CSUC on the RST screen. OptumRx is the PBM providing prescription benefits for this health plan. Welcome to myCalPERS. <> Frost said that with the investment return announcement that CalPERS' funded status is an estimated 82%. All health plans have geographical restrictions except for PERS Platinum. 0000115043 00000 n Returns of at least 17 percent would reduce the rate to 6.85 percent, returns of 20 percent would reduce the rate to 6.8 percent, and if returns somehow exceed 24 percent the discount rate would drop to 6.75 percent. Analysis Schools Employer Contribution Rates for 2020-21 . Restoration of 2020-21 General Fund Reduction, Historical Marginal Cost Enrollment Funding, Professional and Continuing Education (PaCE). 16 0 obj 47 0 obj <> endobj P_C.{>H >T9,@/I!dW s4O N Y\r.%Kkp%t%`2z z'X$!Ec _HNaCe2U h Tm s*'}k hb```y,w@(q}[kGGoE4?5t'WFIpwghc5-H1+g,y0c@ 15 percent for the year, over twice the assumed rate of 7 endstream endobj 84 0 obj <>/Filter/FlateDecode/Index[7 40]/Length 20/Size 47/Type/XRef/W[1 1 1]>>stream Class . endobj <> 0000002562 00000 n 47 39 trailer California Public Employees' Retirement System P.O. 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 gq6cr~r6>oZ The higher the endobj View How CalPERS Sets Health Premiums to get details on the rates and plans process. Blue Shield of California administers their own prescription drug benefits. Are you a retiree? January 1, 2023. board and committee meetings over the next few months, where Active subscribers should contact their employer to inquire which formula applies to their bargaining unit. If returns come in even higher, the discount rate 18 0 obj endstream endobj 54 0 obj <>stream %PDF-1.7 % CalPERS provides pensions for employees of Santa Clara County and most cities except San Jose and San Francisco.