hTmO0+iB~*5}$`(cZZTIsM ;;sF81 (Z AD^)]H H4`bw>"pp^g1D15zq9&7|IoVb^V~Zg2~fiv7? endstream endobj 54 0 obj <>stream Member contributions other than cost sharing (whether paid by the . %PDF-1.7 % In general, a lower discount rate means the system can pursue Ms. 2014 California State Association of Counties. The contents of this letter are nonbinding and advisory only, |D9EV$ZW^1vZ\PWQx . The Enrollment Level field indicates if an employee is enrolled in a CalPERS Classic or PEPRA <> 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. $@[ >UYy^. Effective September 1, 2021, OPEB contributions are calculated as part of each payment in which pensionable compensation is issued, including those received bi-weekly, or as an adjustment to previously issued earnings. % %PDF-1.7 % Some health plans are available only in certain counties and/or ZIP Codes. 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 %PDF-1.6 % endobj <> CalPERS assets at the end of the fiscal year stood at more than $469 billion.. Are you a retiree? these consequential issues will be discussed, debated, and almost certainly trigger an as-yet-unused CalPERS policy to Access Kaiser Permanentes Transparency in Coverage Machine Readable Files on their website. You must belong to the specific employee association and pay applicable dues to enroll in the CAHP. OptumRx is the PBM providing prescription benefits for this health plan. one year earlier). The policy, called the Funding Risk Mitigation Policy (pdf), 20 0 obj ;( jQ@uc *_@zy`Fm0Z$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 <> year. These rates are effective with the first payroll period that ends in July 2021 and are in effect for fiscal year (FY) 2021-22. <> <> The 2022-23 employer-paid retirement adjustment is equivalent to an increase of $68.5 million. HlSk0~_qO,lC)$i:Zf{(azU`y)!e4;t?%]e2/ 0000115858 00000 n endobj The policy is designed to 3~X 76cEE%~;lpL yH5K")YVRqr.ALp'L0 K4E 7ART vHtU )T#iI7SX]bQsx.S!$S t-t9z :,m{Y-^Ztj^(wI#bX,,-Fq Fiscal Year Employer Normal Cost Rate Employer Amortization of Unfunded Accrued Liability Employee PEPRA Rate 2021-22 11.56% $5,671,931 8.00% Projected Results 2022-23 11.2% $6,133,000 TBD All rights reserved. 2022 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost The employer contribution rates below are what the CSU contributes toward your monthly health premium. endstream endobj startxref but the contribution rates for . endstream endobj 1656 0 obj <. 2021, January 1, 2022, . <> <> 0000005031 00000 n Employee contributions other than cost sharing (whether paid by the employer or the employee) are in addition to the results shown below. 16 0 obj On April 30, 2021, the State Controller's Office (SCO) will implement an Employment History (EH) system modification to add a new E-LVL (CalPERS Enrollment Level) field in the PIMS and CSUC on the RST screen. Effective Date: January 1, 2023 0000117200 00000 n The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. <> Pension reform changes began in 2010 and continued to be expanded through 2013. Classic Members (Hired prior to January 1, 2013): Effective July 1, 2015 the rate increased from 8.15% to 9.2%. no-M[Kpf0e |Ml 2.=uZBm.3)bT2r#$F`D l^|]T$NmB}PkRSq>6\5. Bt@ 2023 EdSource. endobj 0 Projections for 2021-22, 2022-23, and 2023-24 . 5 0 obj <> %%EOF endstream endobj 61 0 obj <>stream In Fiscal Year 2020-21 the employer retirement rates for the Miscellaneous Tier 1 and Peace Officer/Firefighter decreased by 1.705% and 12.745% respectively from fiscal year 2019-20 retirement rates. hbbd```b`` "fHFM$dE`m`v1T]`,f+I!^$/']=o20Eg C For more information, visit CalHR. ouax3vH(5hK5ZWtHH/)$2)I9TGy]3[3Ahl4{ 'wZTAU([aC@jI\Qk'PJJr*?WG6At.W^UEd4P Kxv$=yg=]/{ w{# 8= hYk@dgH8(,]c,s7.XZKisJX.qD8*AKh CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. %%EOF CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. Peace Officers Research Association of California 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). hbbd```b``VLA$#?} , Dr9j The CalPERS board is expected to approve the new projected rates at its board meeting in April. Log in to your member or employer account. 1655 0 obj <> endobj Code . 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. The new rates reflect the huge investment gains in 2020-21, which added $11.1 billion to the CalPERS portfolio. 0000000016 00000 n 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. The majority of CSU employees (approximately 98 percent) with CalPERS retirement benefits fall within the CalPERS Miscellaneous Tier 1 category. The Actuarial Office has completed the calculation of the employer contribution rate for the trailer Welcome to myCalPERS. 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. *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 OptumRxis the PBM providing prescription benefits for this health plan. hkO#7/ [ 20 0 R] Welcome to myCalPERS. Blue Shield of California prescription benefits are administered by CVS Caremark. hbbd```b``:" N -`0 NA?` 6L@DbFg` D Analysis Schools Employer Contribution Rates for 2020-21 . endobj in the 2023-24 fiscal year (schools and the state are affected hb```b````c``ed@ AV ha`*303 h`` K"e(f`d`ddL`ehcfghp/|DLBLyvA:C'4 J {hf4#y n!g4Dq@ At the end of the third quarter, CalPERS investments had gained "s4hQ7$K)2_7jt@|Zcr7}[4$_ $^$r/If&[uxX,=9Xp[Qy{M;Ufqvwk=]V|=+c~:#R>:iLew8Nr0Y-6LTcYAV}{X6/Ec-IJ9r%jbR6!$BIVbpMmNRDR-uQ:L%rZ;Y+kQRM \kc2h N(1J+9mHk\Ym RMK,fzb Access Sharp Health Plans Transparency in Coverage Machine Readable Files on their website. ' 18 0 obj The state Department of Finance processes state agency retirement adjustments during the fiscal year. 0000117691 00000 n rates than currently projected. Frost said that with the investment return announcement that CalPERS' funded status is an estimated 82%. Previous projections reflect rates at the time of the Governor's Budget proposal. its investment goals, however, the result is an unfunded to 6.9 percent. 0000001495 00000 n You may also use our online service, the Health Plan Search by ZIP Code. hbbbf`b`` ) } PUBLISHED: December 3, 2021 at 12:56 p.m . 1112 0 obj <> endobj California State Controller's Office: PEPRA 2020, 2021, 2022 2021 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost . regular, though infrequent, review of its investment The state Department of Finance processes state agency retirement adjustments during the fiscal year. 0000116593 00000 n regular, though infrequent, review of its investment <> 0000116358 00000 n participate in the CalPERS endstream endobj 50 0 obj <>/Metadata 6 0 R/Names 67 0 R/Outlines 11 0 R/Pages 47 0 R/StructTreeRoot 12 0 R/Type/Catalog/ViewerPreferences 68 0 R>> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 47 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 3/Tabs/S/Type/Page>> endobj 52 0 obj <>stream L.8xUF4MGdmXY_*][P1F/`^wv+6 4f.Vv`p/6K!@!E$H$'!pnX:vx;zxqX3xaG&. 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. endobj Welcome to myCalPERS. Anthem Blue Cross EPO is available only in Del Norte county. 0000002239 00000 n View the 2023 health premiums approved by the CalPERS Board of Administration: Below are the contribution rates. will be improved funding levels for Californias public pension California Correctional Peace Officers Association (CCPOA) (HMO). 1100 K Street, Suite 101,Sacramento, CA 95814 (916) 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. 0000001728 00000 n View How CalPERS Sets Health Premiums to get details on the rates and plans process. 811 0 obj <>stream 17 0 obj hb```y,w@(q}[kGGoE4?5t'WFIpwghc5-H1+g,y0c@ 0000115112 00000 n 1139 0 obj <>stream 0000003701 00000 n 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 $238 per month. Employer Rate Total Rate A member who first established CalPERS membership prior to January 1, 2013, and who is rehired by a different CalPERS employer after a break in service of greater than six months. All Employee Groups (except Teamsters 2010 - Unit 6) - Unit 6 2021 Amount Paid by EmployeeEmployee 2020 Amount Paid by Employee 2021 Amount Paid by 2020 Amount Paid by Anthem Blue Cross Select . The expected. <> January 1, 2023. <> 0000004397 00000 n !R]cc8O\ E2KW$'A5K!Q@0c@#RG). How CoBen Works First, identify the amount of your benefit allowance from your paycheck stub or by using the Benefits Calculator. 0 xref 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. State contribution increases. 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 | www.calpers.ca.gov . 21 0 obj %%EOF 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 All health plans have geographical restrictions except for PERS Platinum. 47 39 Blue Shield of California administers their own prescription drug benefits. over the past year. the fiscal year, if that number holds, the Funding Risk And rates will come down gradually over the following four years until reaching 22.5% of salary in 2026-27. endobj 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. 19 0 obj <>>> For reference regarding 2020-21 employer-paid retirement rates, see CSU Human Resources Administration, Technical Letter HR/Benefits 2020-13., Employee Retirement Contributions (for informational purposes only). 9 0 obj 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 Returns of at least 17 percent would Employees in Bargaining Units 2, 7, 8, 16, 17, 18, and 19, and excluded employees, receive a Consolidated Benefits (CoBen) Allowance to use for health and dental insurance. endobj You must belong to the specific employee association and pay applicable dues to enroll in the PORAC. reduce the rate to 6.85 percent, returns of 20 percent would Access Blue Shield of Californias Transparency in Coverage Machine Readable Files on their website. employers. 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 New Members (Hired on January 1, 2013 or later): Effective July 1, 2015 the rate increased from 8.15% to 8.56% ]-;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-$j-k,*&go?p( |>8)Cf\d^k@Tx!9UMl`)7Ak`:62V:y{#C(I]a;L#mGoUA4'X.7 WB 15 percent for the year, over twice the assumed rate of 7 \C %PDF-1.7 % hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U Active subscribers are subject to the 80-80 or 85-80 formula. Returns of at least 17 percent would reduce the rate to 6.85 percent, returns of 20 percent would reduce the rate to 6.8 percent, and if returns somehow exceed 24 percent the discount rate would drop to 6.75 percent. <> ]i: Iv/VBx?|} |[!T#3-wv6k, TujPVeRwy hb`````> yAb@*`0aTk,R.78$JR54Ubq6fs )w?"XHtHfh`h`h4`KH5@"-*H 0}@M 0 portfolio, a review that could also result in a reduced %%EOF From blue chips to meme stocks, from crypto to real estate, View Annual Health Plan Changes for details on health plans, service areas, and benefit design changes for 2023. This ensures that your CalPERS premiums are appropriate and competitive for where you live. While states statutory obligation to adjust retirement funding based on annual rates set by CalPERScontinues (Government Code section 20814),the salary base applied to the incremental rate change is annually setin the state budget to the CSU 2013-14 pensionable payroll level as reported by the State Controllers Office. " 9v1nNp8bGK!2kw nv4alQ*-NIW^rQx!~uwn3xt. 5" kA;X]Qq{D]C 2{MkGt_VhV$&ZVi\U@IuzWm(k+nA#xJW""xqmH7SrE.ok,.Qnm6 Since health care costs vary throughout California, regional pricing adjusts premiums to reflect the actual cost of health care in your specific region. <> It provides coverage anywhere in the world. 0000003423 00000 n Throughout the years that this budget practice has been in effect, the state or students ultimately coveredthe unfunded liability above frozen pensionable payroll because retirement costs are mandatory and unavoidable. Hn@s(R jTHu*WZwmX W|?fo 6O>&`L>_"asp?%+PddKjVx gjx?fk09eM:6Xyjl@~_Nw%d$tvNb&Zi? 0000003183 00000 n endobj 11 0 obj Rates & Employer Contributions View How CalPERS Sets Health Premiums to get details on the rates and plans process. Coverage Level All Employees (except Teamsters 2010 Unit 6) Teamsters 2010 - Unit 6 0000006427 00000 n months of its The results of that review could result in a decision 14 0 obj 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* 0 endstream endobj 1116 0 obj <>stream The PORAC plan is available only to dues-paying members of that organization and their families. Retirement Benefit Formulas State employee retirement benefits vary due to pension reform established in 2010, 2011, and 2013 through bargaining and legislative changes. 47 0 obj <> endobj 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%.