calpers employee contribution rates 2021
7 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. CalPERS' 21% return triggers first-ever drop in discount rate The CalSTRS Funding Plan maintained the state's base contribution rate of 2.017% and the . California Association of Highway Patrolmen (CAHP) (PPO). CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. 16 0 obj Active subscribers should contact their employer to inquire which formula applies to their bargaining unit. 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. This reflects a $330 million 47 0 obj <> endobj The CalPERS defined benefit pension plan is funded by employer-paid contributions, employee contributions, and the plan's investment earnings. ;( jQ@uc *_@zy`Fm0Z$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 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. 4 0 obj in the 2023-24 fiscal year (schools and the state are affected Projections for 2021-22, 2022-23, and 2023-24 . The new rates reflect the huge investment gains in 2020-21, which added $11.1 billion to the CalPERS portfolio. Access Health Net of Californias Transparency in Coverage Machine Readable Files on their website. While those changes would make contribution rates higher than Mitigation Policy would trigger a reduction of the discount rate PDF State Valuation and Employer/Employee Contribution Rates - CalPERS portfolio. 23 0 obj 2023 2022 State & CSU Members Public Agency & School Members Health Plans View all health plan Summary of Coverage and Evidence of Coverage documents. 0000117043 00000 n CalPERS gambles with taxpayer money once again - Daily Breeze Beginning January 1, 2023, Blue Shield EPO is available only in Alpine, Calaveras, Colusa, Inyo, Lake, Lassen, Mendocino, Modoc, Mono, Plumas, Siskiyou, Tehama, Tuolumne, Shasta, and Sierra Counties. endstream endobj 1116 0 obj <>stream ]i: Iv/VBx?|} |[!T#3-wv6k, TujPVeRwy reduce the rate to 6.8 percent, and if returns somehow exceed 24 8 0 obj Hn@s(R jTHu*WZwmX W|?fo 6O>&`L>_"asp?%+PddKjVx gjx?fk09eM:6Xyjl@~_Nw%d$tvNb&Zi? Member contributions other than cost sharing (whether paid by the . OptumRx is the PBM providing prescription benefits for this health plan. as early as this November and will take effect for local agencies 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). PDF California Public Employees' Retirement System Actuarial Office 888 www The CalPERS board is expected to approve the new projected rates at its board meeting in April. 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 PDF 2021 Rates Updated as of 02-01-2021 - California PDF California Public Employees' Retirement System Actuarial Office 888 www The PORAC plan is available only to dues-paying members of that organization and their families. endobj 811 0 obj <>stream Access Sharp Health Plans Transparency in Coverage Machine Readable Files on their website. Human Resources Manual - CalHR - California 0000001652 00000 n hbbd```b``VLA$#?} , Dr9j 0 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. This ensures that your CalPERS premiums are appropriate and competitive for where you live. 0 47 39 Anthem Blue Cross EPO is available only in Del Norte county. hbbd```b``:" N -`0 NA?` 6L@DbFg` D 0000002105 00000 n 13 0 obj California Public Employees' Retirement System P.O. hbbbf`b`` ) } Active subscribers are subject to the 80-80 or 85-80 formula. 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. 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. 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 aC"!D4C~9gr,c}$4rkt!ZV_-pwktd-XR)'.1|6-lO@sp!L%T+,wp`j@7(}= y/JA1\QZ'uozCUC7Yh;p(xkKM';7(/@r)W? Blue Shield of California administers their own prescription drug benefits. Kaiser Permanente Senior Advantage Summit. <> 1100 K Street, Suite 101,Sacramento, CA 95814 (916) PDF California Public Employees' Retirement System Actuarial Office 888 www percent the discount rate would drop to 6.75 percent. for employers and employees. endobj With inflation accelerating costs in most areas, school districts received some good news from CalPERS, the pension fund serving school employees other than teachers and administrators. 11 0 obj hb```y,w@(q}[kGGoE4?5t'WFIpwghc5-H1+g,y0c@ Blue Shield of California administers their own prescriptions. " 9v1nNp8bGK!2kw nv4alQ*-NIW^rQx!~uwn3xt. 5" kA;X]Qq{D]C 2{MkGt_VhV$&ZVi\U@IuzWm(k+nA#xJW""xqmH7SrE.ok,.Qnm6 View the 2022 COBRA premiums by region (PDF). View all health plan Summary of Coverage and Evidence of Coverage documents. *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. 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. 0000115858 00000 n To find your specific health plan premium rates, choose your region from the options below: View the 2023 COBRA premiums by region (PDF). ]-;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-$j-k,*&go?p( |>8)Cf\d^k@Tx!9UMl`)7Ak`:62V:y{#C(I]a;L#mGoUA4'X.7 WB ' And rates will come down gradually over the following four years until reaching 22.5% of salary in 2026-27. employers. The Actuarial Office has completed the calculation of the employer contribution rate for the endobj During this time, you can enroll, change health plans, add eligible dependents, delete dependents, or cancel coverage. 17 0 obj 1 0 obj While states statutory obligation to adjust retirement funding based on annual rates set by CalPERScontinues (Government Code section 20814),the salary base applied to the incremental rate change is annually setin the state budget to the CSU 2013-14 pensionable payroll level as reported by the State Controllers Office. Contributions next year will still be a record high, jumping from 22.92% of an employees salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. endobj Employer Rate Total Rate A member who first established CalPERS membership prior to January 1, 2013, and who is rehired by a different CalPERS employer after a break in service of greater than six months. PDF California State Controller STATE CONTROLLER'S OFFICE PERSONNEL AND However, use of this budgeting practice by the state is problematic and should be discontinued. 0000001495 00000 n endobj Bt@ From blue chips to meme stocks, from crypto to real estate, Access Western Health Advantages Transparency in Coverage Machine Readable Files on their website. View the 2022 health premiums approved by the CalPERS Board of Administration: Effective Date: January 1, 2022 24 0 obj fg R]iY4tf>I|A'\"wy,-,D>dn#\Osh@9\$2.G#:76{lH$b:6mNsD to 6.9 percent. 1112 0 obj <> endobj 0000116358 00000 n Complicating all of this, the CalPERS board is in the final [ 15 0 R] 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. View Retiree Plans & Rates customized just for you. reduce the rate to 6.85 percent, returns of 20 percent would %PDF-1.7 % 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). Employer Contribution The employer contribution rate for FY 2021-22 will be 22.91%. 1675 0 obj <>/Filter/FlateDecode/ID[<0C44AE0D0F30B74FAB1FABB2FE4480B8>]/Index[1655 30]/Info 1654 0 R/Length 101/Prev 259246/Root 1656 0 R/Size 1685/Type/XRef/W[1 3 1]>>stream 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. promised benefits. 0000115043 00000 n 20 0 obj almost certainly trigger an as-yet-unused CalPERS policy to 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* $44,134 !R]cc8O\ E2KW$'A5K!Q@0c@#RG). <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 24 0 R/Group<>/Tabs/S/StructParents 1>> 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). endobj <> endobj 49 0 obj <> endobj %%EOF CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. endobj participate in the CalPERS Human Resources Manual - CalHR - California These rates are effective with the first payroll period that ends in July 2021 and are in effect for fiscal year (FY) 2021-22. CCPOA prescription benefits are administered through Blue Shield of California. The 2021-22 employer contribution rate will be 2.18% of payroll less than the rate set by the board in the spring of 2021. <> Welcome to myCalPERS. investment goals, but it also means somewhat higher upfront costs CalPERS provides pensions for employees of Santa Clara County and most cities except San Jose and San Francisco. endobj PDF PEPRA Pension Compensation Limit Letter for 2021 The required 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 0000002398 00000 n %%EOF 2PERS Cost Share is the employee contribution towards the employer's Normal Cost (NC) Rate. You must belong to the specific employee association and pay applicable dues to enroll in the PORAC. Visit your health plan's website to learn how benefits, claims, and payment of claims are covered, as well as the service limitations and exclusions that may apply. 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 <> 0000116593 00000 n The 2020-21 employer-paid retirement adjustment is equivalent to adecrease of $42.7 million. 10 0 obj (Article 9.1.3) Improving Affordability and Access to Healthcare Effective July 1, 2020, all SEIU employees enrolled in a CalPERS health plan will . All health plans have geographical restrictions except for PERS Platinum. CalPERS reports 21.3% return for fiscal year, shy of benchmark The policy is designed to %Grs7drvzYwpqqyy=G )#nr7JcP,KuyHU3Ad_E>fa,9"xS-$|OgI. CalPERS adopts new contribution rates | Pensions & Investments 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. %PDF-1.6 % Some health plans are available only in certain counties and/or ZIP Codes. Welcome to myCalPERS. until the 2023-24 fiscal 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* The employer contribution rates below are what the CSU contributes . benefit of the extraordinary investment gains between future It provides coverage anywhere in the world. endobj Beginning July 1, 2014, PEPRA covered members wererequired to cover half of normal costs. Coverage Level All Employees (except Teamsters 2010 Unit 6) Teamsters 2010 - Unit 6 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 . Open Enrollment is an annual process that occurs in the fall. &U+]k"KL,/@"@("3 v * systems, which rely on investment gains to provide over half of zaQ'9wA2ec)& ]C JJb'(Fy->Q/fY. PDF 2021 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES L.8xUF4MGdmXY_*][P1F/`^wv+6 4f.Vv`p/6K!@!E$H$'!pnX:vx;zxqX3xaG&. almost ever broad investment category has enjoyed banner returns x 3IikpF.n b"(]@T6hb( In mid-July, when they announce their final returns for endobj 0000001076 00000 n The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. Employer-paid contribution rates are adjusted each year in order to meet defined pension benefit obligations. hkO#7/ endstream endobj startxref they would otherwise be, the overall result would still be lower 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. The contents of this letter are nonbinding and advisory only, 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. endstream endobj 53 0 obj <>stream year. 0000006427 00000 n <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> We serve those who serve California. Access Blue Shield of Californias Transparency in Coverage Machine Readable Files on their website. 0000115112 00000 n CVS Caremark is the PBM for Sharp Direct Advantage (Medicare) (HMO). endobj Pension reform measures have included changes in contribution percentages and retirement benefit formulas based on employment dates. PDF 2022 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES hbbd```b`` "fHFM$dE`m`v1T]`,f+I!^$/']=o20Eg C 2021 Rates Updated as of 02/01/2021 for Rank and File Employees. 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%. 2 0 obj All rights reserved. CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. 89 0 obj <>stream 3 0 obj Funding plan - CalSTRS 18 0 obj 0000009247 00000 n 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 | www.calpers.ca.gov . HlSk0~_qO,lC)$i:Zf{(azU`y)!e4;t?%]e2/ 0000003423 00000 n its investment goals, however, the result is an unfunded strengthen the system even further and will directly affect PORAC prescription are administered by Anthem Blue Cross. (PORAC) (PPO). Changes to Districts' Contribution Rates [EdBudget] - California liability that results in even higher costs, especially for CalPERS assets at the end of the fiscal year stood at more than $469 billion.. COBRA premiums are calculated at 102% of the Basic premiums, but some carriers may charge less than these maximum amounts. 0000117225 00000 n <>>> hb`````> yAb@*`0aTk,R.78$JR54Ubq6fs )w?"XHtHfh`h`h4`KH5@"-*H 0}@M If returns come in even higher, the discount rate The employee cost shown above is any amount above the employer contribution. You may also use our online service, the Health Plan Search by ZIP Code. <> Welcome to myCalPERS. Please enable scripts and reload this page. 1655 0 obj <> endobj Box 942715 | Sacramento, CA 94229-2715 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 www.calpers.ca.gov Actuarial Circular Letter June 30, 2020 Circular Letter: 200-034-20 Distribution: XII, XVI To: All School Employers Subject: 2020-21 School Employer and Employee Contribution Rates . 0000005743 00000 n portfolio, a review that could also result in a reduced PDF California Department of Human Resources Summary of Collective 0000115352 00000 n Employers & Business Partners. x[mo8 k((PHM~p;m%YUl3-PYr^yOrI'{i7/!^8Y_?Xt$4#z/yL3K-No8FLz+b7O:`+,~pWv=FuD+p=]+c(/t(I5O4T0\}>l,# N5q1oopF\V: T^:#]PjgZAL9#BY#+j\^c:QF{]r mMZv#j23\iTTisFkz+juNhGV1uA#v ; 9---au The Panel intends to provide similar calculations in future years. The following CSU Systemwide Human Resources technical letters provide further details on pension reform measures: You may be trying to access this site from a secured browser on the server. Retirement Benefit Formulas State employee retirement benefits vary due to pension reform established in 2010, 2011, and 2013 through bargaining and legislative changes. The retirement increaseamount above the frozen payroll levelis an unfunded cost for the CSU, and it continues to increase each year when pensionable payroll orretirement contribution rates increase. endobj HTMo@+QvEJHHHU.+i n~g6jJN Z$@Uh Effective July 1, 2023, the employee contribution rates for Miscellaneous, Safety and Industrial members shall increase by one half percent (0.50%) . Access Kaiser Permanentes Transparency in Coverage Machine Readable Files on their website. Big Changes Possible for CalPERS Pension Rates 15 percent for the year, over twice the assumed rate of 7 hb```b````c``ed@ AV ha`*303 h`` K"e(f`d`ddL`ehcfghp/|DLBLyvA:C'4 J {hf4#y n!g4Dq@ CalPERS and CalSTRS - Staff Portal - San Diego Unified School District You must belong to the specific employee association and pay applicable dues to enroll in the CAHP. no-M[Kpf0e |Ml 2.=uZBm.3)bT2r#$F`D l^|]T$NmB}PkRSq>6\5. 0 hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U endobj stream Blue Shield of California prescription benefits are administered by CVS Caremark. hTmO0+iB~*5}$`(cZZTIsM ;;sF81 (Z AD^)]H H4`bw>"pp^g1D15zq9&7|IoVb^V~Zg2~fiv7? P_C.{>H >T9,@/I!dW s4O N Y\r.%Kkp%t%`2z z'X$!Ec _HNaCe2U h Tm s*'}k 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 0000001728 00000 n . <> rates than currently projected. The state Department of Finance processes state agency retirement adjustments during the fiscal year. pension contribution rates approved by the CalPERS Board of Administration on April 20, 2021. 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). CAHP prescription benefits are administered by Express Scripts. 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. <> 15 0 obj OptumRx is the Pharmacy Benefit Manager (PBM) providing prescription benefits for this health plan. ), 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.
