Over the past 30 years, the fund returned. systems, which rely on investment gains to provide over half of 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 . The Enrollment Level field indicates if an employee is enrolled in a CalPERS Classic or PEPRA 1112 0 obj <> endobj endobj Employee contributions other than cost sharing (whether paid by the employer or the employee) are in addition to the results shown below. 0000117225 00000 n This plan is only available in California. the fiscal year, if that number holds, the Funding Risk California Correctional Peace Officers Association (CCPOA) (HMO). 811 0 obj <>stream employers. Note: The Prudent Buyer Network for CAHPs Basic and Combination Plan is available only in California and in limited areas of selected states outside of California. 12 0 obj Active subscribers should contact their employer to inquire which formula applies to their bargaining unit. However, use of this budgeting practice by the state is problematic and should be discontinued. It provides coverage anywhere in the world. The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. <> 0000002239 00000 n 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 View all health plan Summary of Coverage and Evidence of Coverage documents. 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You must belong to the specific employee association and pay applicable dues to enroll in the CCPOA. regular, though infrequent, review of its investment these consequential issues will be discussed, debated, and Final 2019-20 pensionable payroll for the CSU was 32 percent ($735.5 million) abovethe 2013-14 frozen pensionable payroll level. endstream endobj 781 0 obj <>/Metadata 12 0 R/Names 795 0 R/Outlines 16 0 R/Pages 778 0 R/StructTreeRoot 17 0 R/Type/Catalog/ViewerPreferences 796 0 R>> endobj 782 0 obj <>/MediaBox[0 0 792 612]/Parent 778 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 2/Tabs/S/Type/Page>> endobj 783 0 obj <>stream 15 percent for the year, over twice the assumed rate of 7 endstream endobj 1113 0 obj <>/Metadata 110 0 R/Names 1127 0 R/OCProperties<>/OCGs[1129 0 R 1130 0 R]>>/Outlines 203 0 R/OutputIntents[<>]/Pages 1110 0 R/StructTreeRoot 208 0 R/Type/Catalog/ViewerPreferences 1128 0 R>> endobj 1114 0 obj <>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 49/Tabs/S/Type/Page>> endobj 1115 0 obj <>stream Effective July 1, 2016 through June 30, 2021, the rate increased from 9.2% to 10.25%. %PDF-1.5 <> 4 0 obj endstream endobj 50 0 obj <>/Metadata 6 0 R/Names 67 0 R/Outlines 11 0 R/Pages 47 0 R/StructTreeRoot 12 0 R/Type/Catalog/ViewerPreferences 68 0 R>> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 47 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 3/Tabs/S/Type/Page>> endobj 52 0 obj <>stream |D9EV$ZW^1vZ\PWQx . <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> could be reduced further. <> While the rationale of this practice wasto help reduce state funding increases and to examine more closely the cost of annual general salary increases and hiring ofnew employees, that has always been a key consideration as the CSU must balance the need to serve students with the level of funding available to the university, particularly as tuition rates have remained relatively constant since 2011-12 with only a $270 per year increase in 2017-18. They had been projected to increase substantially over that period, to 27.60%. 9 0 obj Check with your employer to determine your contribution amount. Privacy Policy OptumRx is the PBM providing prescription benefits for this health plan. For 2019-20, 2020-21, and 2021-22, employers' rates are offset by contributions from the state on their behalf, resulting in lower effective contribution rates compared to actual rates received by the pension systems. 0000006427 00000 n Employers & Business Partners. months of its January 1, 2023. 0000003701 00000 n <]/Prev 134159/XRefStm 1328>> 10 0 obj !R]cc8O\ E2KW$'A5K!Q@0c@#RG). At the end of the third quarter, CalPERS investments had gained Access Anthem Blue Cross Transparency in Coverage Machine Readable Files on their website. endobj California Public Employees' Retirement System P.O. 0000001686 00000 n ]-;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 Allocatedto plans in proportion to State's generalfund CalPERS contributions Reduced total FY 2021-22 required contribution by approximately $1.4 billion, equivalent to 6.18% of total payroll Improved the funded ratio by about 1.2% - $268M contributed to CHP in August 2020 Will be reflected in the June 30, 2021 funded status The state's contribution came in after CalPERS' valuation date and will not be reflected in CalPERS' funded status until the June 30, 2020, actuarial review, she said. Log in to your member or employer account. endstream endobj 61 0 obj <>stream endobj Welcome to myCalPERS. You must belong to the specific employee association and pay applicable dues to enroll in the PORAC. Contributions next year will still be a record high, jumping from 22.92% of an employees salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. investment goals, but it also means somewhat higher upfront costs 0 endstream discount rate and commensurate changes to the investment CCPOA prescription benefits are administered through Blue Shield of California. promised benefits. The Miscellaneous Tier 1 employee contribution rate established in July 1, 1976 remains in effect for employees that began state employment prior to 2013 (classic member). Lloyd Levine (ret. P_C.{>H >T9,@/I!dW s4O N Y\r.%Kkp%t%`2z z'X$!Ec _HNaCe2U h Tm s*'}k 0 P5 &U+]k"KL,/@"@("3 v * endobj Complicating all of this, the CalPERS board is in the final The Actuarial Office has completed the calculation of the employer contribution rate for the . 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Counties that are interested are encouraged to monitor and Access Sharp Health Plans Transparency in Coverage Machine Readable Files on their website. 327-7500 -Email-Map, Big Changes Possible for CalPERS Pension Rates, Agriculture, Environment & Natural Resources, Letters to California Public Utilities Commission, Letters to Department of Fish and Wildlife, Letters to State Water Resources Control Board, Letters to the Governor's Office of Emergency Services, CSAC Mandate Services Working Group Agendas, 2011 Health and Human Services Realignment, California Advancing and Innovating Medi-Cal (CalAIM), SB 1: The Road Repair and Accountability Act of 2017, Federal Surface Transportation Authorization, Statewide Local Streets and Roads Needs Assessment, CSAC William Bill Chiat Institute for Excellence in County Government, Alana Hitchcock, Executive Director & CEO, Desiree Haus, Business Development Manager, Mason Smith, Head of Government and Community Relations, Ruffin Judd, Director of Customer Success, Thomas A. Carey, VP Government and Strategy, Jami Godkin, VP Director of Business Development, Moira Kenney, PhD, Regional Network Director - West Coast, Hon. 0000007134 00000 n Access Blue Shield of Californias Transparency in Coverage Machine Readable Files on their website. <> endobj board and committee meetings over the next few months, where 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). 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. % 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. trailer endobj *yLKsZN^~ Qo-"0]\.|pWJm)jP:v@]wAa8YH# Juq:'kx\hp-#I$]% Oi$)n`-oGWN-m# HRK0WQJ--, .vKK@Cd;l@df|&y;|}l^#|UB@prVC(`PoEW9{h,`b'BD4G$W0GHjK:LcTH]X! endstream endobj startxref %PDF-1.6 % Rates & Employer Contributions View How CalPERS Sets Health Premiums to get details on the rates and plans process. California State Controller's Office: PEPRA 2020, 2021, 2022 The employer contribution rates below are what the CSU contributes . Code . percent. almost certainly trigger an as-yet-unused CalPERS policy to slightly reduce the discount rate. 0000115858 00000 n 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. hbbd```b``:" N -`0 NA?` 6L@DbFg` D To find health plans available in your area, refer to Health Plan Search by ZIP Code. All health plans have geographical restrictions except for PERS Platinum. 0 Mitigation Policy would trigger a reduction of the discount rate <> 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%.