Fri

29
MAR

COLA Update
The annual Cost Of Living Adjustment (COLA) is effective April 1, 2013. OCERS payees will see that increase on their May 1, 2013 check. Click here to read more.

MON

18
MAR

STAR COLA approved by Board of Retirement
At its regular meeting on March 18, 2013, the Board of Retirement approved payment of STAR COLA (Supplemental Targeted Adjustment for Retirees, Cost of Living Adjustment) for the period April 1, 2013 through March 31, 2014.  STAR COLA is designed to restore purchasing power for retirees and survivors who have lost more than 20 percent of their purchasing power since retirement, as measured by the accumulation in a retired member’s COLA bank. Click here for more information.

TUES

19
FEB

COLA approved by Board of Retirement
The Board of Retirement approved the 2013 Cost-of-Living Adjustment of 2 percent at its regular meeting on February 19. Payees will see an increase on their May 1, 2013 check. Click here to read more.

FRI

01
FEB

2012 1099-R's
1099-R's for 2012 were mailed on January 31, 2013.  Payees may also view copies of their 2012 1099-R statement online by logging into their account on the Member Information Center. Click here for information on how to read your 1099-R statement.

Tue

29
JAN

Important Notice
Payees may notice effects of recent changes in Federal tax rates on their February 1 retirement payment.

Wed

26
DEC

2013 New Federal and California State Tax Rates
New California Tax withholding rates will go into effect January 1, 2013. The Federal tax rates for 2013 have not yet been made available to OCERS.  OCERS will continue to use the 2012 rates until we are provided the new rates.  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.

Thurs
6
DEC

Revised Economic Assumptions To Impact Contribution Rates
At a special board meeting held on December 5, 2012, OCERS’ Board of Retirement revised several economic assumptions used by the actuary to help establish contribution rates for both members and employers (“Plan Sponsors”). The newly-approved assumption changes will impact both employee and employer contribution rates in July 2014.  Click here to learn more.

Thu
26
JULY

Investment Report provides overview of OCERS’ investments
At the regular Investment Committee meeting held on July 25, 2012, CIO

Girard Miller provided an update on OCERS’ $9.4 billion portfolio. OCERS recorded a 2.17 percent return in June 2012, while the fund’s year-to-date return was 4.76 percent as of that date. OCERS saw a 9.95 percent annualized return for the three years ending on that date; the retirement system’s 10-year annualized return as of June 30, 2012 was 7.01 percent.

Thu
19
JUN

Girard Miller named Chief Investment Officer
OCERS has announced the selection of Girard Miller as the system’s new Chief Investment Officer. He is scheduled to assume the position on July 2, 2012. Prior to assuming his new position, Mr. Miller has served as a senior strategist for retirement finance and public-sector investments at the PFM Group. He is known nationally as an authority on the investment of public funds and retirement plan design and investment strategies.

Thu
12
APR

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