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This Circular Letter provides information regarding the special open enrollment process for members of the Health Plan of the Redwoods, the deadlines for selecting new health plans, and instructions
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How to fill out California Public Employees' Retirement System Circular Letter

01
Obtain the California Public Employees' Retirement System (CalPERS) Circular Letter template from the official CalPERS website.
02
Review the instructions included with the Circular Letter to understand the required information.
03
Fill in the header section with your personal information, including your name, address, and contact details.
04
Provide your employee identification number and the name of your employer or agency.
05
In the body of the letter, clearly state the purpose for submitting the Circular Letter and any specific requests or information required.
06
Include any relevant details that support your request or inquiry.
07
Ensure that all provided information is accurate and complete to avoid delays.
08
Sign and date the Circular Letter at the bottom.
09
Submit the completed Circular Letter via the designated method (mail, fax, or email) as specified by CalPERS.

Who needs California Public Employees' Retirement System Circular Letter?

01
Public employees in California who are enrolled in the CalPERS retirement system.
02
Employers or agencies that manage benefits for CalPERS members.
03
Individuals seeking clarification or information about their retirement benefits.
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LONG-TERM ANALYSIS: The 'AAA' Long-term rating on CalPERS' CEP is based on Fitch's analysis of the CEP's risk profile, available liquidity, financial condition of the pension system, sponsor quality and management. LOW-RISK CEP PROFILE: CalPERS's current CEP obligors include high-quality credits in New York.
Fitch Affirms California State Teachers' Retirement System at 'AA'; Outlook Stable. Fitch Ratings - Chicago - 12 Nov 2024: Fitch Ratings has affirmed California State Teachers' Retirement System's (CalSTRS) Long-Term Issuer Default Rating (IDR) at 'AA' and the Government Support Rating (GSR) at 'aa'.
Summary. California Public Employees Retirement System (CalPERS) ranks 87th in the Financial System Benchmark. In comparison to other pension funds, it ranks 8th out of 59 and therefore, it performs better relative to its peers. Similarly, CalPERS ranks higher relative to its geopolitical context.
The chart above shows that the funded status increased by roughly 4% between June 30, 2022 and June 30, 2024. Based on the results of the funding valuations as of June 30, 2023, the overall funded ratio of the PERF was 71.4% and the estimated PERF funded ratio as of June 30, 2024, is 75%.
Fitch Affirms CalPERS Credit Enhancement Program at 'AAA'/F1+' Fitch Ratings-New York-06 July 2017: Fitch Ratings has affirmed the 'AAA'/'F1+' rating assigned to the credit enhancement program (CEP) sponsored by the California Public Employees' Retirement System (CalPERS). The Rating Outlook is Stable.
Service retirement is a lifetime benefit. In general, you can retire at age 50 with five years of service credit unless all service was earned on or after January 1, 2013. After that, you must be at least 52 to retire.

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The California Public Employees' Retirement System Circular Letter is a formal communication issued by the retirement system to provide guidance, updates, and important information regarding policies, regulations, and procedures relevant to public employees' retirement.
Public agencies and employers that participate in the California Public Employees' Retirement System (CalPERS) are required to file the Circular Letter as part of their compliance with CalPERS regulations.
To fill out the Circular Letter, recipients must carefully read the instructions provided, complete the necessary sections accurately, and provide all required information before submitting it to CalPERS by the specified deadline.
The purpose of the Circular Letter is to inform relevant stakeholders about updates, policy changes, and guidance related to the management and administration of retirement benefits for public employees.
Information that must be reported includes details about employer contributions, employee eligibility, changes in personal information, and any updates relevant to retirement plans and benefits.
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California Public Employees' Retirement System Health Plan of the Redwoods Special Open Enrollment health benefits CalPERS enrollment instructions Blue Shield PERS Choice health care changes

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