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.
Other AALRR Blogs
- CalPERS Health Plan Premiums Announced for 2021
- CalPERS Misses Annual Investment Target with a 4.7 Percent Net Return
- “California Rule” Survives (For Now) — But “Airtime” Does Not
- Be Cautious About “DROP” Programs
- California Supreme Court Hears Cal Fire Oral Argument
- Amortization Period for New Debt Shortened to 20 Years
- New CalPERS Compensation Limits, Effective Immediately
- CalPERS Responds to Its Critics
- Senate Bill 525 Amends California Public Pension Laws
- New Stanford University Study Predicts Public Pensions Costs in California to Consume 14-17.5% of Operating Expenses by the Year 2030