Pension and Health Benefits Committee Agenda - November 17, 2026

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 (amended by Stats. 2025, ch. 22, § 1), Board members may participate remotely via teleconference.

Meeting Agenda for November 17, 2026

Open Session

8:30 a.m.

Item

1. Call to Order and Roll Call (PDF)
2. Executive Report – Don Moulds, Kim Malm (PDF)
3. Action Consent Items – Don Moulds
   1. Approval of the September 15, 2026, Pension & Health Benefits Committee Meeting Minutes (PDF)
   2. Approval of the November 17, 2026, 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 16, 2027, Pension & Health Benefits Committee Meeting (PDF)
   3. CalPERS Health Benefits Program Annual Report for Plan Year 2025 (PDF)
      • Attachment 1 (PDF) – CalPERS Health Benefit Program Annual Report
5. Action Agenda Items
   1. Proposed Regulation Defining Limited Duration for Post-Retirement Employment – Kim Malm, Kelli Aoki (PDF)
      • Attachment 1 (PDF) – Text of Proposed Regulation
   2. Proposed Regulation Normal Retirement Age & Bona Fide Separation – Kim Malm, Brad Hanson (PDF)
      • Attachment 1 (PDF) – Text of Proposed Regulation
   3. Approval of Contracting Agency Health Regions – Don Moulds, Yesenia Croft (PDF)
      • Attachment 1 (PDF) – Approval of Contracting Agency Health Regions Presentation
6. Information Agenda Items
   1. Summary of Committee Direction – Don Moulds, Kim Malm
   2. Public Comment
7. Adjournment of Meeting