Hiking
Earlier blog posts have noted that CalPERS‘ premiums for long-term care are going nowhere but up. Another rate hike is being announced with an option instead to move to a lesser-value plan. UC employees and faculty are normally not covered by CalPERS’ pension and health care plans. However, as state workers, they were offered the chance to enroll in CalPERS’ long-term care program when CalPERS got into that business. Unfortunately, there was no guarantee concerning what the premiums would be over time. From the Sacramento Bee‘s State Worker blog: The California Public Employees’ Retirement System today is mailing some 150,000…