WED

14
JAN
2015

1099's to be mailed in late January 2015

OCERS will mail IRS Form 1099-R to all payees at the end of January 2015. This form reports the total amount of income OCERS paid as well as taxes withheld during the 2014 calendar year. Payees can use this form to complete their federal and state tax returns. Click here for information on how to read your 1099-R statement.

FRI

5
DEC
2014

2015 New Federal and California State Tax Rates

New Federal and California Tax withholding rates will go into effect January 1, 2015.  Payees may see their pension amount change. Payees may review/change their Federal and California State withholding elections online by logging into their account on the Member Information Center. A printable form that may be submitted by mail is also available under the Forms and Publications page.

WED

29
OCT
2014

Did You Know?

OCERS has an ethics, compliance and fraud hotline.  You may report concerns about suspected fraud, waste, or violations of law or policy. OCERS has contracted with an independent company, EthicsPoint, to accept calls and Internet reports twenty-four hours a day, seven days a week. The information you provide will be sent to OCERS' Internal Audit Division by EthicsPoint on a completely confidential and anonymous basis. Click here for more information or to make a report.

THU

02
OCT
2014

Stockton Bankruptcy Court Ruling

The bankruptcy court in the City of Stockton case issued an oral ruling regarding the impairment of pensions in bankruptcy cases. This case does not immediately affect OCERS or any of its plan sponsors. Click here to read CalPERS' response to the court's ruling. OCERS will continue to monitor the Stockton case and will update relevant information as it becomes available.

FRI

10
OCT
2014

AFSCME Contribution Rate Update

Effective pay period 21 AFSCME members will begin paying their full member contribution rate. Please click here to view your new rate.

FRI

29
AUG
2014

The latest issue of OCERS by the Numbers

The latest edition of OCERS by the Numbers provides a general overview of our investment portfolio, demographics and benefits as of December 31, 2013. The document is now available to view or print here.

FRI

18
JUL
2014

Contribution rates update

Beginning July 2014, the majority of OCERS active members will see an adjustment in their contribution rates. Contribution rate changes, whether up or down, are normal for systems that prefund retirement benefits. Please note that any additional employee contributions (including the "Reverse Pickup") are not established by OCERS, although actions by OCERS do impact the amount by which the Reverse Pickup rate increases or decreases from year to year. The employee contribution rates are based on age of entry and bargaining unit. To see current and new rates that go into effect around July 1, visit here.

FRI

30
MAY
2014

OCERS awarded top honors for investment program
OCERS' investment program has received a prestigious 2014 Award for Excellence in Government Finance. Click here to read the press release.

THU

17
APR
2014

Proposed Amendment to Actuarial Funding Policy
Upon recommendation of its actuary, the Segal Company, the Orange County Employees Retirement System is proposing an amendment of its Actuarial Funding Policy to include a cash out assumption as part of the process used to set employee contribution rates. The impact of the cash out assumption on employee contribution rates is discussed at length in the Segal Company’s letter to the Board of Retirement found here.  OCERS welcomes public comment on this issue.  Please send written comments to OCERS at info@ocers.org. Public comments may be made at the April 21, 2014 meeting. This policy change with the proposed policy language was placed on the Board of Retirement Regular Meeting agenda for February 18, 2014 for final adoption, however, this matter was continued to April 21, 2014 so staff could gather more information for the Board of Retirement to consider.

FRI

17
JAN
2014

Proposed Amendment to Actuarial Funding Policy
Upon recommendation of its actuary, the Segal Company, the Orange County Employees Retirement System is proposing an amendment of its Actuarial Funding Policy to include a Cash Out Assumption in its actuarial assumptions.  The Cash out Assumption will be applied to employee contribution rates.  The impact of the Cash Out Assumption on employee contribution rates is discussed at length in the Segal Company’s letter to the Board of Retirement found here.  This notice is being posted in compliance with the OCERS Cost Impacting Policy found here.  OCERS welcomes public comment on this issue.  Please send written comments to OCERS at info@ocers.org no later than February 5. Public is also welcome to comment at the January 21 and February 18 Board Meetings. This policy change with the proposed policy language will be placed on the Board of Retirement Regular Meeting agenda for February 18, 2014 for final adoption. (Matter was continued to a later board meeting.)

MON

02
DEC

2013

FRI

13
SEPT

2013