CalPERS takes up to three months to pay death benefits after their paperwork is approved. This means that CalPERS is taking FIVE TO SIX MONTHS TO PAY WIDOWS AND ORPHANS.
WHY? Because CalPERS kept its head during the recession and did NOT lose money. Also, CalPERS tried to help the counties by keeping their administrative costs down as low as possible. This professionalism means that CalPERS is growing faster than CalPERS can handle the growth.
Now CalPERS needs to increase the percentage they charge for administrative costs. CalPERS also NEEDS A WAIVER so they can HIRE EXPERIENCED RETIRED EMPLOYEES to get them though the backlog and to help them train new workers.
It is not possible to hire an untrained person and expect them to be able to make decisions in the complex area of retirement benefits.
I once asked a friend why he sold life insurance, but did not sell health insurance. He replied, "It is easy to prove that someone is dead."
TAKING 5 TO 6 MONThS TO PAY DEATH BENEFITS IS UNCONSCIONABLE! A widow may not starve, but she can certainly lose the family home.
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