Finance & Investments

Financial Statements OCERS’ Director of Finance presents a monthly report to the Board of Retirement. Click here to see Financial Statements for the Month Ending May 31, 2010.

Comprehensive and Popular Annual
Financial Reports

It is with great pleasure that we submit the Comprehensive Annual Financial Report (CAFR) and the Popular Annual Financial Report (PAFR) of the Orange County Employees Retirement System for
the calendar year ended December 31, 2009, the System's 64th 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. The purpose of the Popular Annual Financial Report is to summarize and simplify the presentation of information contained in the Comprehensive Annual Financial Report.

Hard copies of OCERS’ 2009 Comprehensive Annual Financial Report (CAFR) are now available for interested members. To obtain a copy of the 2009 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 tayres@ocers.org. Be sure to include your name, address and "pony" address if applicable.
 

Investment Information

The Board of Retirement is responsible for establishing policies, regulations and guidelines for the investment of the assets of the pension fund. The Investment Department is responsible for the administration and management of the investment program in accordance with those policies, regulations, and guidelines. The department does not actively invest. Working with outside investment consultants, they hire and monitor external investment managers who invest funds in a diversified portfolio.

Click here to view the most recent Monthly Investment Report.

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.

• Actuarial Valuation as of 12/31/2009

• Actuarial Valuation as of 12/31/2008

• Actuarial Valuation as of 12/31/2007

• Actuarial Valuation as of 12/31/2006

• Actuarial Valuation as of 12/31/2005

• Actuarial Valuation as of 12/31/2004

• Actuarial Valuation as of 12/31/2003

• Actuarial Valuation as of 12/31/2002

• Actuarial Valuation as of 12/31/2001

• Actuarial Valuation as of 12/31/2000

The following Actuarial Experience Study reports are 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.

• Actuarial Experience Study 01/01/2005-12/31/2007

• Actuarial Experience Study 01/01/2002-12/31/2004

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 2008. To view the "Evolution of OCERS' Unfunded Actuarial Accrued Liability" document, click here.