49 0 obj <> endobj PEPRA members for Calendar Year 2021 will increase to $128,059 for members participating in the federal system (7522.10(c)(1) limit) and $153,671 for members not participating in the federal system (7522.10(c)(2) limit). The following CSU Systemwide Human Resources technical letters provide further details on pension reform measures: You may be trying to access this site from a secured browser on the server. 89 0 obj <>stream The state Department of Finance processes state agency retirement adjustments during the fiscal year. reduce the rate to 6.85 percent, returns of 20 percent would 2023 2022 State & CSU Members Public Agency & School Members Health Plans View all health plan Summary of Coverage and Evidence of Coverage documents. 2021 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost . Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California, View all health plan Summary of Coverage and Evidence of Coverage documents, Your Rights and Protections Against Surprise Medical Bills (PDF), California Health Care Quality Report Cards, COVID-19 Test Kits for CalPERS Health Plan Members, Uniform Glossary of Health Coverage and Medical Terms (PDF), Your Guide to Choosing a Health Plan (PDF), PERS Platinum Supplement to Medicare Plan, UnitedHealthcare Group Medicare Advantage. You can also log in to myCalPERS to use the Search HealthPlans tool to research the health plan coverage and benefits most important to you and your family. <> ]-;8PMlQ16BR@Y&UZ`2^x@[heVacY.Tz2= hL u{\ .bl$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 ouax3vH(5hK5ZWtHH/)$2)I9TGy]3[3Ahl4{ 'wZTAU([aC@jI\Qk'PJJr*?WG6At.W^UEd4P Kxv$=yg=]/{ w{# 8= While those changes would make contribution rates higher than 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. 0000001076 00000 n Privacy Policy 0000072907 00000 n 20 0 obj 1139 0 obj <>stream CAHP prescription benefits are administered by Express Scripts. no-M[Kpf0e |Ml 2.=uZBm.3)bT2r#$F`D l^|]T$NmB}PkRSq>6\5. endobj Anthem Blue Cross EPO is available only in Del Norte county. The employee cost shown above is any amount above the employer contribution. endobj Previous projections reflect rates at the time of the Governor's Budget proposal. Hn@s(R jTHu*WZwmX W|?fo 6O>&`L>_"asp?%+PddKjVx gjx?fk09eM:6Xyjl@~_Nw%d$tvNb&Zi? 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 Returns of at least 17 percent would CalPERS provides pensions for employees of Santa Clara County and most cities except San Jose and San Francisco. pension contribution rates approved by the CalPERS Board of Administration on April 20, 2021. x[rH+BP`/GH9hL}h"! 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. Classic Members (Hired prior to January 1, 2013): Effective July 1, 2015 the rate increased from 8.15% to 9.2%. %PDF-1.7 % Blue Shield of California administers their own prescription drug benefits. <> View the 2022 COBRA premiums by region (PDF). Over the past 30 years, the fund returned. 0 15 0 obj The 2020-21 employer-paid retirement adjustment is equivalent to a decrease of $42.7 million. 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. 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* &U+]k"KL,/@"@("3 v * 2021, January 1, 2022, . <> 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 exceed assumptions by at least 2 percent, the discount rate, or How CoBen Works First, identify the amount of your benefit allowance from your paycheck stub or by using the Benefits Calculator. endstream endobj startxref strengthen the system even further and will directly affect %%EOF 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. 0000115833 00000 n <> 0000002239 00000 n All rights reserved. The state's contribution came in after CalPERS' valuation date and will not be reflected in CalPERS' funded status until the June 30, 2020, actuarial review, she said. The employer contribution rates below are what the CSU contributes . 0000004397 00000 n CalPERS fiscal-year 2021 returns and discount rate change also impacts its funded status. 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). 23 0 obj 85 0 obj <>stream 0 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. At the end of the third quarter, CalPERS investments had gained 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). over the past year. 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 $238 per month. 0000116358 00000 n 0000002562 00000 n endobj %PDF-1.7 % hTmO0+iB~*5}$`(cZZTIsM ;;sF81 (Z AD^)]H H4`bw>"pp^g1D15zq9&7|IoVb^V~Zg2~fiv7? 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. endstream endobj 53 0 obj <>stream ' Member contributions other than cost sharing (whether paid by the . New Members (Hired on January 1, 2013 or later): Effective July 1, 2015 the rate increased from 8.15% to 8.56% 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. Access Western Health Advantages Transparency in Coverage Machine Readable Files on their website. 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. Final 2019-20 pensionable payroll for the CSU was 32 percent ($735.5 million) abovethe 2013-14 frozen pensionable payroll level. rate of 16.92% would be the net value of the employer contribution rate when applying the state subsidy of 2.18% to the employer contribution rate likely adopted by CalSTRS of 19.1%. <> Blue Shield of California prescription benefits are administered by CVS Caremark. 0000001495 00000 n %%EOF promised benefits. Employer-paid contribution rates are adjusted each year in order to meet defined pension benefit obligations. to 6.9 percent. investment goals, but it also means somewhat higher upfront costs !R]cc8O\ E2KW$'A5K!Q@0c@#RG). Kaiser administers its own prescription benefits. Since health care costs vary throughout California, regional pricing adjusts premiums to reflect the actual cost of health care in your specific region. 0000116289 00000 n The policy is designed to 11 0 obj While those changes would make contribution rates higher than they would otherwise be, the overall result would still be lower . assumed rate of return, will be reduced slightly. <> 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. All health plans have geographical restrictions except for PERS Platinum. 24 0 obj California Public Employees' Retirement System P.O. Active Members & Retirees. Code . hkO#7/ Peace Officers Research Association of California rates than currently projected. OptumRx is the PBM providing prescription benefits for this health plan. endobj Mitigation Policy would trigger a reduction of the discount rate 22 0 obj 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. Employers & Business Partners. *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. HRK0WQJ--, .vKK@Cd;l@df|&y;|}l^#|UB@prVC(`PoEW9{h,`b'BD4G$W0GHjK:LcTH]X! Upon final approval by the Board, CalPERS staff will prepare and issue a Circular Letter to notify state employers of the contribution rates each fiscal year. trailer 0000115671 00000 n Ms. endobj January 1, 2023. CalPERS defines normal cost as the annual cost of 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 | www.calpers.ca.gov . 0000115043 00000 n 0000117200 00000 n Open Enrollment is an annual process that occurs in the fall. One of the results of those investment gains 0000002398 00000 n 1112 0 obj <> endobj 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. Government Code Section 20677(b)(1) provides that employee retirement contribution rates for classic state Miscellaneous Tier 1 members employed by the CSU who are in the federal system (Social Security) and began employment prior to 2013 shall be 5 percent of compensation in excess of a $513 offset per month. The Actuarial Office has completed the calculation of the employer contribution rate for the employers. 0000002618 00000 n endobj 5m_w:@h^pS\'Jl6pA=i1*"^ dTjJDn4 8vU6r4hEQAM <6I36^^C;|}.>P(^i,sRt>/BYj m,9hHKrwaqlLji{{bfp(U@]"e6YLMR"e /1TBx,90%M"s! gq6cr~r6>oZ PORAC prescription are administered by Anthem Blue Cross. The new rates reflect the huge investment gains in 2020-21, which added $11.1 billion to the CalPERS portfolio. H[o0)csHmr&:j nBFkF H|x4m!Jb\|^xTf p/~|*n ~=]^nxA-@@23c/Zm8':!_ gN=Yz:R0^M4xG;V.!E&0D*gH-iuDAeMRWNKgNF"TyC:2;hdbF^'BL"o|JT Kq'* JQu2GB8ragkIF(oY;sBuw?$jxM,H! c IZ jT!JHz{DRqZNxD:y+:}f/_CRFuo!@.c9(DT2 q Restoration of 2020-21 General Fund Reduction, Historical Marginal Cost Enrollment Funding, Professional and Continuing Education (PaCE). 0000115352 00000 n hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. 0000003183 00000 n ]i: Iv/VBx?|} |[!T#3-wv6k, TujPVeRwy hb`````> yAb@*`0aTk,R.78$JR54Ubq6fs )w?"XHtHfh`h`h4`KH5@"-*H 0}@M 5 0 obj 0000001686 00000 n The results of that review could result in a decision CCPOA prescription benefits are administered through Blue Shield of California. zaQ'9wA2ec)& ]C JJb'(Fy->Q/fY. 4 0 obj This plan has no geographical restrictions. CalPERS ID: 7895043818 Rate Plan belonging to the Miscellaneous Risk Pool Page 4 Required Employer Contributions Fiscal Year Required Employer Contributions 2021-22 Employer Normal Cost Rate 14.02% Plus, Either Or 2) Annual UAL Prepayment Option* $44,134 12 0 obj 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.
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