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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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Wed
24
DEC |
Consumer Prices and your COLA
With consumer prices down over the past year, the
Cost of Living Adjustment (COLA) for 2010 will land in negative
territory.
Click here to learn more about how the Consumer Price Index (CPI) impacts
the COLA, as well as to see the percentage in your "COLA bank."
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THU
08
OCT |
Election Notice
General Member Russell Baldwin will serve another three-year term on OCERS'
Board of Retirement beginning Jan. 1, 2010. Mr. Baldwin, who was first elected
to serve on the Retirement Board in fall 2005, has been a County of Orange
employee and OCERS General Member since 1990.
Click here to learn more about the Board of Retirement.
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WED
02
Sep |
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Legislative Update
Click here to
read
the
latest legislative update
report.
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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
01
Sep |
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
Wednesday evenings,
October 7, 14 and 21, 2009.
Click
here to register for this
free seminar. |
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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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WED
05
Aug |
Notice to OCERS Payees
- Potential under-withholding of
federal income taxes
On April 1, 2009 OCERS began using the
updated 2009 federal income tax
withholding tables as mandated by law.
If you currently have a tax withholding
election that is based on the federal
tax tables you may have seen an increase
in your monthly net benefit amount due
to lower federal taxes being withheld.
Unfortunately when you file your tax
return you may find that the tax table
withholding was insufficient and you may
end up owing money for 2009 taxes. OCERS
strongly recommends that you consult
with a tax advisor to estimate the
amount of tax you will owe for 2009 so
that you can have additional amounts
withheld timely. Changes to your tax
withholding may be done by submitting a
new OCERS
Tax Withholding Election form. |
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FRI
24
Jul |
Contribution Rates Update
New contribution rates for employees and
employers went into effect on July 1,
2009. These new rates will be in effect
until June 30, 2010.
Click here to view the new rates for
fiscal year 2009-2010.
Contribution rates are adjusted annually
to reflect economic (salary increases,
investment returns, consumer price
index) and non-economic (mortality
rates, service retirement rates,
termination rates) factors. |
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FRI
19
Jun |
OCERS By the Numbers
OCERS By the Numbers provides a wealth
of information about OCERS, including
the retirement system’s demographics,
retirement benefits, funded status and
customer service efforts.
Click here to view OCERS By the
Numbers..
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Manager Search
At its meeting on August 20, 2008,
the Investment Committee approved a
candidate profile for a global equity
mandate. A Quiet Period Policy related
to this manager search is in effect
until further notice.
Click here
to learn more. |
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