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Our Retirement Specialists are standing
by to help during regular business hours (Email during
evenings, weekends, and holidays) |
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Newsroom
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Legislative Update
Click
here
to
read
the
latest legislative
update
report. |
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THU
09
JAN |
Pension Reform Act of 2014 Ballot
Initiative
The Attorney General's Office
issued the title and summary on January
6, 2014. The circulation deadline
is June 5, 2014. In order to
qualify for the November ballot, the
proponents will have to collect 807,615
signatures and submit those signatures
at least 130 days before the general
election.
You can read the OCERS
summary
here and
revised text of initiative
here.
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MON
02
DEC |
OCERS sets record straight on
investments
The Orange County Register has
published a letter co-authored by OCERS'
Chair of the Investment Committee
and the Chair of the
Board of Retirement. The letter
addresses OCERS' successful approach to
long-term investing. Read the letter
here.
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FRI
13
SEPT |
OCERS employs sound
funding policy
Several recent
media articles have focused attention on
OCERS funding levels and ability to pay
promised benefits. All current and
future retirees should be confident in
OCERS' ability to pay those promised
benefits. As of July 31, 2013, OCERS'
portfolio had more than $10.6 billion.
OCERS, and other public pension systems
in California, use widely accepted
guidelines for long term planning,
controlling costs, management of
investment risk as well as controlling
the volatility of employee and employer
contributions. OCERS' policy to amortize
its unfunded liability is in full
compliance with the Governmental
Accounting Standards Board (GASB). An
in-depth article on this topic will be
published in the October issue of At
Your Service which is mailed to all
OCERS members as well as posted on
OCERS' Web site. |
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