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.
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
from the year 2000 through 2012. To view the
OCERS' Unfunded Actuarial Accrued Liability" document,