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Fri
04
JUNE


Legislative Update

Click here to read the
latest legislative update
report
.
 

Court Orders Release of Retiree Data

In December of 2009, OCERS was served with a Petition for Writ of Mandate filed in Orange County Superior Court. The Writ, filed by the California Foundation for Fiscal Responsibility (CFFR) and Marcia Fritz, sought the disclosure of the name, benefit amount and last agency worked by the member for all OCERS benefit recipients receiving a gross benefit exceeding $8,333 in any month throughout 2009.


On June 2, 2010, the Orange County Superior Court ordered OCERS to release the name, benefit amount and last agency worked by the member for all OCERS benefit recipients receiving a gross benefit exceeding $8,333 in any month throughout 2009. The Court's Minute Order can be viewed by following this link. CFFR has been directed by the court to prepare a Writ of Mandate for the Court's consideration. Once that Writ has been accepted by the Court and served upon OCERS, OCERS will prepare the information listed above and serve it on CFFR. If you have any questions about this issue, please contact David Lantzer at (714) 569-4885.

Mon
19
APR

STAR COLA approved by Board of Retirement
OCERS members who retired on or before April 1, 1981 will receive a Supplemental Targeted Adjustment for Retirees (STAR) Cost Of Living Adjustment (COLA) beginning with their May 1, 2010 monthly allowance. The Board of Retirement voted unanimously to approve the STAR COLA at its regular meeting on April 19, 2010. Read More...

Thu
8
APR

Master Your Money
OCERS is hosting an in-depth, 3-week financial education seminar covering six key areas of personal finance: insurance, cash management, investing, taxes, retirement and estate planning. Learn strategies you can use now to take control of your finances and start working towards your financial goals. You will also receive a powerful workbook. OCERS will host the seminar on 3 Wednesday evenings each month in 2010. Click here to register for this free seminar.

Wed
24
MAR
Cost of Living Adjustment (COLA) Update
With consumer prices down over the past year, the Cost of Living Adjustment (COLA) for 2010 was reduced 1.0 percent by the Board of Retirement earlier this year as mandated by law. At the recent March 22 meeting, the Board of Retirement determined how the "COLA Bank" will be impacted in years affected by inflation and deflation. Click here for a 2010 COLA Update. Click here to learn more about how the Consumer Price Index (CPI) affects the COLA, as well as to see the percentage in your "COLA bank."

WED
02
Sep

OCERS’ response to the latest Public Records Request from the O.C. Register
The Orange County Register submitted its second amended request for records on Aug. 25, 2009. The most recent request is for the names, benefit amounts, job titles, and agencies last worked for benefit recipients who receive more than $100,00 per year and the benefit amounts, job titles, and agencies last worked for all benefit recipients who receive less than $100,000 per year.

In order to make a good faith effort to comply with the Register’s public records request, OCERS supplied the paper with a list of gross annual benefits and agencies last worked for all benefit recipients. This list does not associate a benefit with any identifiable individual.  You can see OCERS’ response to the Register’s second amended public records request as well as a sample page of the list OCERS supplied to the paper here.

OCERS remains committed to protecting the privacy of its members. OCERS will not release any private member records or other private information without specific written authorization from affected members or an order from a court that has jurisdiction over OCERS.

TUE
25
Aug
OCERS Responds to Public Records Request from the O.C. Register
The Orange County Register recently requested the names, benefit amounts, and agencies last worked of everyone receiving a benefit from OCERS. The request was made pursuant to the California Public Records Act. OCERS’ response to this request can be found here.

OCERS will not release the requested information without specific written authorization from affected members or an order from a court that has jurisdiction over OCERS. OCERS is committed to protecting member privacy by requiring that all requests under the California Public Records Act follow the correct procedures.

"3%@50" Safety Members Update
On Jan. 29, 2008, the Orange County Board of Supervisors voted to seek an injunction against OCERS prohibiting it from paying out the retroactive component of the "3% at 50" retirement benefits for sheriff's deputies.
Read More...

Manager Search
The Investment Committee authorized a search for a small cap growth manager at the April 1, 2010 meeting. A Quiet Period Policy related to this manager search is in effect until further notice. Click here to learn more.

 
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