On Tuesday, the CalPERS Board of Administration approved the 2021 health plan rates, at an overall average premium increase of 4.32 percent.
On Wednesday, CalPERS announced a preliminary 4.7 percent net return on investments for the 12-month period that ended on June 30, 2020. The CalPERS figure misses the annual targeted return of 7 percent, which CalPERS indicated is likely due to COVID-19’s impact on the global economy.
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