NU Online News Service, June 17, 2004, 6:11 p.m. EDT
The California Public Employees’ Retirement System says it will hold the average 2005 health premium increase for active workers to 9.9%.[@@]
CalPERS, which has 1.2 million benefit plan members, buys or organizes self-funded health coverage for most California state employees and retirees. The state’s local and regional government employers can join the program on a voluntary basis.
CalPERS members had to accept a 16.4% average premium increase in 2004. The 2005 increase is the lowest CalPERS has negotiated since 2002.