This week California Public Employees’ Retirement System
(CalPERS) Chief Executive Officer Marcie Frost sent a letter to
stakeholders on how CalPERS is handling operations during
COVID-19. Here are some key takeaways:
All April 1 retirement checks to members, beneficiaries, and
survivors will be paid on time, though direct deposit statements
will not be printed and mailed this month.
While the downturn in the market has been hard on the CalPERS
investment portfolio, Frost emphasized that they are better
prepared than during the 2008 financial crisis.
Costs and fees for testing for COVID-19 are waived for all
CalPERS health members.
In the next two week CalPERS is scheduling a webinar to
assist employer.
CalPERS Regional Offices are closed to in-person
appointments, however, members can schedule a telephone
appointment by calling (888) 225-7377.
