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Tuesday, December 20, 2016


Tom Beckett honored by Board of Retirement


At its regular meeting on December 19, 2016, the Board of Retirement honored outgoing Retiree Board Member Tom Beckett. Mr. Beckett, whose term ends at the end of 2016, worked for the County of Orange from 1976 until his retirement in 2009.


Mr. Beckett was elected as the Retired Member to the Board of Retirement on October 24, 2013 and began serving his term on January 1, 2014. At the meeting on December 19, Mr. Beckett made a point to thank his wife Kathy for her support, as well as acknowledge the retirees who elected him to his seat, and the assistance of the OCERS staff during his service on the Board.


"It's a wonderful thing to see this organization at work," Mr. Beckett said.


"You will be missed by everybody here," said Roger Hilton, Chair of the Board of Retirement. Former Board Member Frank Eley, who retired earlier this year from the County, will return to the Board replacing Mr. Beckett as the Retiree Member on January 1, 2017.




David Ball to serve as Chair in 2017; Chris Prevatt selected as Vice Chair


In other action taken at the meeting on December 19, Chris Prevatt was unanimously selected to serve as Vice Chair in 2017. David Ball, who has served as Vice Chair throughout 2016, will assume the Chair position on the Board effective January 1, 2017. 



Investment Committee actions


At its regular meeting on December 14, 2016, the OCERS Investment Committee approved several actions.



As of November 30, 2016, OCERSí total fund was more than $13 billion.


The next Investment Committee meeting will be held at 9 a.m. on Wednesday, January 25, 2017. OCERSí Board of Retirement will meet at 9 a.m. on Tuesday, January 17, 2017.




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