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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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Fri
04
JUNE |
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Legislative Update
Click here to
read
the
latest legislative update
report.
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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.
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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...
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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.
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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."
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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. |
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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. |
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"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... |
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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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