Calpers News - CalPERS Approves Long-Term Care Premium Increase

[pioneer]

CalPERS Approves Long-Term Care Premium Increase

The California Public Employees' Retirement System (CalPERS) Board of Administration today approved an 85 percent premium increase for early purchasers of its Long-Term Care (LTC) Insurance Program policies. The increase, to be spread over two years, is being implemented to help stabilize the Program's underlying Long-Term Care Fund and will take effect July 2015. Members who opt to cover the increase in a single year will pay only 79 percent.

Source: CalPERS Approves Long-Term Care Premium Increase