CalPERS Board Approves Health Premium Rates for 2015
June 18, 2014
External Affairs Branch
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Bill Madison, Information Officer
SACRAMENTO, CA - The California Public Employees' Retirement System (CalPERS) Board of Administration today approved a committee recommendation that set health rates for 2015 for its 1.4 million health plan subscribers. The Board's action adopts health plan premium rates that reduce premiums for more than 570,000 members by about 3 percent from 2014 rates. Additionally, about 175,000 members will experience increases of less than 3 percent if they stay with their current health plan.
Members can select or change new plans during an Open Enrollment Period that begins September 15 and ends October 10, 2014. Detailed rate information and out-of-pocket premium estimates are available on the 2015 Health Plan Rates page.
CalPERS is the nation's largest public pension fund with approximately $295 billion in assets, providing retirement benefits to more than 1.6 million state, public school, local public agency employees, retirees, and their families on behalf of more than 3,000 employers in the state, and health benefits to more than 1.4 million members. For more information about CalPERS, visit www.calpers.ca.gov.