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Our Retirement Specialists are standing
by to help during regular business hours (Email during
evenings, weekends, and holidays) |
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Finance & Investments |
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Financial
Statements
View
OCERS' year-ended 12/31/12
Financial Statements.
Click here
Investment
Report
View OCERS' most recent
Investment Report.
Click here |
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Comprehensive Annual
Financial Report
It is with great pleasure that we submit the Comprehensive
Annual Financial Report (CAFR) of the Orange
County Employees Retirement System for
the calendar year ended
December 31, 2011, the System's 67th year of operation.
The Comprehensive
Annual Financial
Report contains information about
OCERS'
investments, financial statements, contribution rates, funding
and membership. Information contained
in the report is designed to provide a complete and accurate
review of the year's operations.
Hard copies of OCERS’ 2011 Comprehensive Annual Financial Report
(CAFR) are available
for interested members. To obtain a copy of the 2011
Comprehensive Annual
Financial Report,
call (714) 558-6200 or (888) 570-6277 toll free. You may also
fax or e-mail
your request. Faxed requests should be made to OCERS at (714)
558-6236. E-mail requests should be sent to
mquintero@ocers.org. Be
sure to include your name, address or "pony" address if
applicable.
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Guidance to
Investment Industry Marketers
Chief Investment
Officer Girard Miller has written a detailed overview for
investment industry vendors seeking to market their products and
services to OCERS.
Click here to read the letter and get more detailed
information. |
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Fee Policy for
Investment-related services including portfolio management
To
view the Investment management fee policy and guidance on
preferred fee structures,
click here. |
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Quiet Period/Manager Search
OCERS adopted a Quiet Period Policy
to ensure that the process of selecting
Investment Managers and/or Named Service Providers is
efficient, diligent, and fair. The policy is in effect
for the following searches:
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The Investment
Committee authorized a search for
Portfolio Risk Monitoring, Mitigation and Consulting
Services with Data Interface
at the December 17, 2012 meeting. This
search replaces the previous one launched
in February 2011.
The Quiet Period policy will remain in effect until the
contracts are finalized.
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The Investment
Committee authorized a search for direct lending managers
within the diversified credit asset allocation at the
January 23, 2013 meeting. This Quiet Period policy
will remain in effect until the contracts are finalized.
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The
Investment Committee authorized a search for
global
tactical asset allocation managers at the February 27,
2013 meeting. This Quiet Period policy will remain in
effect until the contracts are finalized.
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The
Investment Committee authorized a search for
multi-strategy real assets managers at the February 27,
2013 meeting. This Quiet Period policy will remain in
effect until the contracts are finalized.
The Quiet Period
Policy shall be in effect for each Investment Manager and/or Named
Service Provider search until a contract is finalized.
Click here
to view the policy. |
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Actuarial Information
The Actuarial Valuation and Review
reports summarize the actuarial data used in
our valuation, establish the funding requirements for
each fiscal year, and analyze
each preceding year’s experience.
The following Actuarial Experience Study reports is a review of
the actuarial experience of the Orange County Employees
Retirement System. Each study utilizes the census data of the
last three actuarial valuations and includes the proposed
actuarial assumptions to be used in future actuarial valuations.
The Review of
Economic Actuarial Assumptions are conducted by OCERS'
consulting actuary every three years in conjunction with the
completion of the triennial experience study. Economic
assumptions include such things as OCERS' investment return,
salary increases and inflation.
In
order to help the public better understand the long-term
nature of public pension plans and how their design allows for
the smoothing of the highs and the lows of pension costs over an
OCERS member's career, the Board of
Retirement requested staff prepare an overview of OCERS'
Unfunded Actuarial Accrued Liability (UAAL) as it
developed
from the year 2000 through 2011. To view the
"Evolution of
OCERS' Unfunded Actuarial Accrued Liability" document,
click here. |
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