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You automatically become a member of
the Retirement System on the date you commence
employment in an eligible position.
You are in an eligible position if
you are employed by a participating agency as one of the
following:
A full-time employee
or
A part-time employee scheduled to
work 20 hours per week or more
or
A limited term full-time employee
or
A limited employee scheduled to work 20 hours per week or more
All other employees are ineligible for membership. These include part-time employees
scheduled to work less than 20 hours per week, extra-help, and contract employees.
Members are
asked to designate a beneficiary upon employment, and
update the designation when changes such as birth,
death, marriage or divorce occur. A beneficiary is
a person that you (the member) name in writing to
receive certain benefits provided by the plan upon your
death. For certain death benefits your Eligible
Spouse or Qualified Domestic Partner must be listed at
the time of your death.
Plan
Types and Benefit Formulas
Various
employers (Plan Sponsors) provide different benefit
formulas.
Click here for more information on your Plan Type.
For Members
Eligible to Choose A Retirement Benefit Plan
Certain County of Orange and
Superior Court employees are
required to elect their retirement benefit formula within 45
days of their hire date.
Because the decision
to select either the "1.62% at 65" Plan P or "2.7% at 55" Plan J
is irrevocable, OCERS is providing a number of resources that can be viewed or
printed to help eligible members select the benefit plan that's
better
for them.
Below you will find links to information on contribution rates for
both plans, as well as an overview of the impact your plan
selection will have on your ultimate retirement allowance. Please spend some time and weigh your
options carefully before selecting your benefit plan.
Resources
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