In a letter to stakeholders earlier this week, Marcie Frost, Chief Executive Officer of PERS, provided updates about the activities of CalPERS and the agency’s preparedness to weather these challenging times created by the coronavirus (COVID-19).The full letter is available here. Highlights include:

  • All April 1 retirement checks will be paid on time.
  • The Contact Center remains open and fully operational, although the Sacramento headquarters and regional offices are closed.
  • Costs and fees for testing for COVID-19 are waived for all CalPERS health members.
  • CalPERS is positioned to mitigate risks and capitalize on investment opportunities during this time of economic uncertainty.
  • The April Board and committee meetings are still on schedule for April 20-22. Video conference and teleconference solutions are being worked on, depending on the status of the stay-at-home order at that time.
  • A webinar for employer partners will be scheduled in the next two weeks to help answer questions about impacts to the fund.

Ongoing updates and Frequently Asked Questions are available on the CalPERS website here.