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CalPERS board formalizes committee recommendations: responsible contracting policy approved; health‑plan changes OK'd; several administrative appeals decided
Summary
The Board of Administration approved committee recommendations including the responsible contracting policy (third reading), changes to the PERS Gold Basic Plan value‑based design, and adopted/denied multiple proposed decisions and petitions. The board also directed staff follow‑ups on health‑plan transitions.
The California Public Employees' Retirement System Board of Administration approved several committee recommendations and formal decisions during its open session on March 19, 2025 in Sacramento.
On agenda item 5A, the board confirmed the investment committee’s prior action to adopt recommended changes to the Responsible Contracting Policy (third reading). The consent motion to approve the consent agenda was moved by Mr. Jose Luis Pacheco and seconded by Mr. David Miller; the chair announced the motion passes. Board member Deborah Gallegos later asked to amend her recorded vote to abstain; the minutes record that one member amended to abstain.
The Pension and Health Benefits Committee reported it had approved “option 3” after extensive public comment on out‑of‑state health plan options and also approved modifications to the 2026 value‑based insurance design (VBID) program in the PERS Gold Basic Plan. The committee directed staff to continue searching for more affordable out‑of‑state options and to report back at the June meeting with clinical quality metrics for PPO members who transition to Blue Shield and Included Health.
On administrative decisions (agenda items 8A and 8B), Board Governance Committee chair Mr. David Miller moved that the board adopt proposed decisions for agenda items 8A1 and 8A3–8A5 as the board’s own decisions with minor staff‑argued modifications; he also moved to remand agenda item 8A2 for additional evidence and to deny the petitions in agenda items 8B1–8B4. The motion, seconded by Mr. Pacheco, passed as announced by the chair.
Board governance committee elections were also reported: the committee reelected Teresa Taylor as committee chair and David Miller as vice chair of the Board Governance Committee.
The board’s minutes indicate these items passed as described; where individual roll‑call votes were not recorded in open session, the board recorded the committee actions and the chair announced that motions passed.
