Pension & Health Benefits Committee - November 18, 2025

Oversees all matters related to strategy, policy, structure, and actuarial studies and rate setting for pension, health, and long-term care program administration.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Committee Action if the Committee wishes to take action. Any Agenda Item from a properly noticed Committee meeting may be considered by the Board at a subsequent Board meeting. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Board members may attend meetings of committees of which they are not members and participate in the discussions during those meetings. In accordance with Government Code section 11123.2 (added by Stats. 2023, ch. 216, § 1), Board members may participate remotely via teleconference.

November 18, 2025

Open Session

9:15 a.m.

Or Upon Adjournment or Recess of the Finance and Administration Committee Meeting – Whichever is Later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Executive Report (PDF) Don Moulds, Kim Malm

   3. Action Consent Items Don Moulds

      1. Approval of the September 16, 2025, Pension & Health Benefits Committee Meeting Minutes (PDF)
      2. Approval of the November 18, 2025, Pension & Health Benefits Committee Meeting Timed Agenda (PDF)

       

   4. Information Consent Items Don Moulds

      1. Annual Calendar Review (PDF)
      2. Draft Agenda for the March 17, 2026, Pension & Health Benefits Committee Meeting (PDF)
      3. CalPERS Health Benefits Program Annual Report for Plan Year 2024 (PDF)
         1. Attachment 1 (PDF)

       

   5. Action Agenda Items

      1. Health Benefits Program Proposals for the 2027 Plan Year (PDF) Rob Jarzombek, Julia Logan
         1. Attachment 1 (PDF)

       

   6. Information Agenda Items

      1. Summary of Committee Direction Don Moulds, Kim Malm
      2. Public Comment

       

   7. Adjournment of Meeting