News Headlines Article

CalPERS health plan rate hike is lowest in years
Sacramento Business Journal

The California Public Employees’ Retirement System is poised to raise overall health premiums an average of 3 percent in 2014 — the lowest average increase since 1998 and well below the 9.6 percent average rate hike in 2013. The CalPERS Pension and Health Benefits Committee approved the increase Tuesday; the matter goes before the full Board of Administration Wednesday. The increase will affect nearly 1.3 million members in the pension fund health benefits program.