News Headlines Article

CalPERS health rates to jump 9 percent
Sacramento Business Journal

The California Public Employees’ Retirement System is poised to hike health benefit rates an average of almost 9 percent in 2011, a significant leap from the 2.9 percent increase this year. Blame it on rising doctor and hospital costs, members of the Health Benefits Committee said late Tuesday before approving the proposed increases. The Board of Administration will make a final decision Wednesday.