cid:image001.png@01D13669.DC06E380State Supreme Court Will Soon Decide the Future Course of California Public Pensions

We are anxiously awaiting the state Supreme Court ruling on several public pension cases that have been combined into one decision which is due later this year.  The worst-case scenario is the Marin County case in which the appeals court judge said that pensions only have to be reasonable and not have the same value at retirement as promised at the time of hire.  This could set in motion a steady decline in benefit structure as public agencies deal with the ‘ups and downs' of economic times and their budgets are strained during the 'down’ times.  We have seen this same scenario play out in the private sector where many corporations have cut promised pension benefits to former long-term employees.  Most public employees can ill afford pension cuts.  They are living on less than $36,000 per year now, and many do not receive Social Security.  Health care and drug costs are a major burden to many of these retirees.  Write to the court to express your strong support of the ‘California Rule’ that has kept public pensions safe.

 

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CalPERS Looks at Public Equity for Greater Return on Investment 

RPEA concerns about the “funded status" of the CalPERS pension fund, which has been stalled at about 70%, for two years, have been recognized (based on a recent report from the CalPERS CEO), and Investment Committee effort is being intensified.  One initiative is to embark upon a private equity venture that would make CalPERS the general partner which makes the return on investment much better.  A separate board would govern this private equity entity.  This new approach to investing has not been implemented, but it will probably be approved for an early 2019 start date.  Achieving high returns on investments has been more difficult in recent years, so innovative measures are needed to enhance conventional investment methods.

 

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RPEA Continues to Assist Victims of the ‘LA Works JPA’ Who Suffered Pension Cuts

We continue our efforts to assist these 60 plus retirees from this joint powers authority that canceled its CalPERS contract without paying the termination fee.   RPEA representatives have often spoken at CalPERS Board meetings about this issue, and we have a commitment to review this to possibly get some relief for these retirees.   

 

 

RPEA Membership is ONLY $5.00 a month. That's only $60.00 a year!

 

 

Standard Mileage Rates for 2018 Up from Rates

for 2017

IR-2017-204, Dec. 14, 2017

WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 54.5cents for every mile of business travel driven, up 1 cent from the ratefor 2017.
  • 18cents per mile driven for medical or moving purposes, up 1 cent from therate for 2017.
  • 14cents per mile driven in service of charitable organizations.

The business mileage rate and the medical and moving expense rates each increased 1 cent per mile from the rates for 2017. The charitable rate is set by statute and remains unchanged.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than four vehicles used simultaneously. These and other requirements are described in Rev. Proc. 2010-51.

Notice 2018-03, posted today on IRS.gov, contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

 

 


 

ABOUT RPEA

RPEA is a non-profit association of retirees and active employees who are members of the California Public Retirement System (CalPERS). Our mission is important:

 

  • RPEA represents all public employees - classifiedschools, public agencies, and state.
  • RPEA is liaison between retirees and CalPERS.
  • RPEA is a mutual protective association for allbeneficiaries of CalPERS.
  • RPEA fights to maintain our current pension and healthcare benefits and improve these benefits every year.
  • RPEA has local chapters in your area - attend meetingsto stay informed and hear interesting speakers.

While we encourage participation in one of our 80+ chapters, most of our members participate by reading our bi-monthly newsletter, giving us feedback on their needs and enrolling in one or more of our "members only" supplemental insurance programs.

At $5.00 per month, RPEA is a bargain that is hard to resist. You need us to fight to protect your earned pensions and benefits. We need you and you to support our fight to protect our pensions and benefits.

Who We Are

RPEA has over 23,000 members; with 80+ active chapters in California, Arizona, Nevada, New Mexico, and Oregon.

RPEA was founded in 1958 as an association to protect and enhance retirem, ent benefits for all P, ublic Employees who r, eceive their pension or health benefits from the California Public Employees' Retireme, nt System (CalPERS).

RPEA is the only statewide association representing all PERS Retirees: State, Classified School and Public Agency.

Why Join RPEA?

RPEA retains a professional lobbyist who represents our interest before the Governor, Legislators and CalPERS Board. We also have access to a federal lobbyist who keeps us informed on federal retiree issues.

RPEA continues an active and ongoing relationship with CalPERS serving on their Advisory , Committee concerning CalPERS plans and proposals. We also monitor every CalPERS Committee and frequently testify at these meetings on behalf of our members.

Every RPEA member receives a bi-monthly statewide newsletter with general information and legislative, and health care updates.

RPEA offers a variety of discount programs for our members.

RPEA Structure

The General Assembly is composed of Delegates from every chapter and is the governing body of the Association.

The authority and responsibility of the elected Board of Directors is defined in the Association's Bylaws and Policy File.  RPEA's State Board of Directors is currently comprised of:

OFFICERS

DIRECTORS

AREA DIRECTORS

President
Vice  President
Secretary/Treasurer
Immediate  Past President

Director of Membership
Director of  Public Relations
Director of Health Benefits
Director of  Legislation

9 Area  Directors

Each Area Director has a number of Assistant Area Directors who together manage and assist some 77 active chapters.

 

 

                                                                                                                                         

 

 

 Announcements

If you are a member and need assistance with Logging into the RPEA website, please contact webmaster@rpea.com or call 1-800-443-7732.