CalPERS Gives Out $16.8M in Medicare Retiree Rx Subsidies
On Tuesday, CalPERS announced that it has distributed $16.8 million in Medicare retiree subsidy funding to more than 820 agencies for costs incurred under Medicare's prescription drug benefit program. The latest round of funds is the fourth subsidy given out to local public agencies since the Medicare prescription drug program was established in 2006.
- "CalPERS Distributes $16.8M in Medicare Subsidy Funds" (Robertson, Sacramento Business Journal, 6/28).