Rules for providing health care to retirees through PEMHCA. It includes the Equal and Unequal Methods, the Vesting schedule (State or 90/100 Vesting), and use of a Cafeteria Plan
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Bartel Associates submitted a comment letter to the Governmental Accounting Standards Board on their Exposure Drafts of new Statements on accounting for OPEB benefits.
Provisions, Issues, and comparison of benefits
The CalPERS Board of Administration set the PEMHCA administration fee, as a percentage of total premiums, to 0.34%
At its June 2014 meeting, the CalPERS Board approved the 2015 PEMHCA 100/90 State Annuitant Rates
CalPERS Pension and Health Benefits Committee approved proposed 2015 healthcare premiums
New accounting standards requiring recognition of unfunded OPEB and pension liabilities released as Exposure Drafts.
GASB 45 Liabilities for retiree medical benefits from large community-rated plans like CalPERS to increase 3/31/2015 per new actuarial standards.
New accounting standards requiring recognition of unfunded OPEB liabilities will be released as Exposure Drafts in June 2014.
A session on "Pension and Health Care - Building a New Bridge to Retirement" will be presented by John Bartel, Mary Beth Redding and Deanna Van Valer on Thursday May 1st at the Western Region IPMA-HR conference in San Francisco.
CalPERS Announces PEMHCA Minimum Contribution for 2015.
New demographic actuarial assumptions have significant impacts on contribution rates and may also increase certain Member contributions.
Details on the new pension accounting standards, GASB Statements 67 and 68, have been published by the GASB.
The GASB has written a very helpful article for understanding Deferred Inflows and Outflows of resources.
The 2014 PEPRA Compensation limits are $115,064 and $138,077, based on a nonbinding calculation by the California Actuarial Advisory Panel (CAAP).
IRS Annual Compensation Limit increases to $260,000 for 2014.
Social Security benefits increase 1.5%, and the taxable Wage Base for 2014 is $117,000.
This article explains what an Implied Subsidy is, where it comes from, and why upcoming changes in actuarial standards could lead to it causing a large increase in retiree health ("OPEB") obligations.
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2018 Bartel Associates, LLC