CalPERS
CalPERS health premiums to rise an average 9.1 percent
June 16, 2010 Filed in: Unions
Bobby Caina Calvan, The Sacramento Bee
State workers, already
financially drained by furloughs and threatened with
possible pay cuts,
can brace for another
potential hit to their pocketbooks next year: A surge in
health
insurance premiums, some by more than 16 percent.
A CalPERS committee on Tuesday recommended an
array of premium
increases and
other measures to rein in its rising costs in providing
health care
services to 1.3 million
public employees, retirees and their families…
CalPERS raises state contribution by $600 million
May 18, 2010 Filed in: Unions
Dale Kasler, The Sacramento Bee A key CalPERS committee
today voted to raise the state's annual contribution to the pension
fund by $600 million in the upcoming fiscal year. CalPERS' full
board will vote on the increase Wednesday. The increase means the
state's annual tab for CalPERS would rise to about $3.9 billion,
putting additional strain on the troubled state budget...