CalPERS plans 85% rate hike for long-...

CalPERS plans 85% rate hike for long-term-care insurance

There are 1 comment on the Los Angeles Times story from Feb 21, 2013, titled CalPERS plans 85% rate hike for long-term-care insurance. In it, Los Angeles Times reports that:

Dailey Mayo received some stunning news in the mail this week: an 85% rate increase for the long-term-care insurance he has had for 15 years from the California Public Employees' Retirement System .

Join the discussion below, or Read more at Los Angeles Times.

Randy R

AOL

#1 Feb 22, 2013
This is a real tragedy. But, the union leaders should have known that the politicians were over promising the workers in return for union campaign support.

Most twelve year olds know that "If it sounds too good to be true it probably is too good to come true".

The fact that CalPe were promised the most costly contracts in American History might have been a clue.

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