Transcription of Professional Engineers in California Government CalPERS ...
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Professional Engineers in California Government CalPERS ...
Professional Engineers in California Government #6, August 2018 The California Public Employees Retirement System ( CalPERS ) meets each spring with the various health plan providers to negotiate premiums that take effect the following January 1. Recently, CalPERS announced that the average premium in 2019 will go up , the lowest increase in over 20 years. However, the premiums for individual plans vary considerably seven plans will actually see premium reductions, while Anthem HMO Traditional rates are going up by 23%. The state s contribution to your health care premium is set by PECG s current Memorandum of Understanding (MOU). For Unit 9 employees, the state s contribution is based on what is known as the 85/80 formula. In arriving at its reimbursement rate, the state first calculates the weighted average premium for the four plans with the highest participation by state active civil service employees.
CalPERS 2019 Health Plan Premiums PECG's 85/80 Reimbursement Formula Best in State Service PECG HEADQUARTERS ... review the monthly health plan premiums on the following pages to determine the impact ... 2018 $137 $311 $416 Health Plan Monthly Premiums for Unit 9 Employees State Employer Contribution for 2019
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