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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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Thu
05
JAN |
2012 New Federal and California
State Tax Rates
New Federal and California Tax withholding rates went into effect January 1st,
2012. 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.
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Fri
23
DEC |
2012 Retiree
Payment Schedule
OCERS
payees will see their next monthly benefit payment on January 3, 2012, the first
business day of the year.
Click here to view the 2012 Payment
Schedule.
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Thu
15
DEC |
Charles Packard to serve on Board
of Retirement
The Orange County Board of Supervisors has appointed Charles Packard to serve on
the Orange County Employees Retirement System (OCERS) Board of Retirement. Mr.
Packard is a partner at Pacific International Capital, LLC, and brings more than
30 years of experience in finance and investments to his post at the retirement
system. The Board of Supervisors also reappointed Reed L. Royalty and Thomas E.
Flanigan to continue to serve on the Retirement Board.
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Tue
22
NOV
2011 |
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Legislative Update
Click
here
to
read
the
latest legislative
update
report.
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12-Point
Pension Reform Plan and
Summary of Ballot Initiatives
On Thursday, October 27th, Governor Jerry Brown proposed a
12-point pension
reform plan for public employees.
OCERS' most recent
Legislative Update provides an
analysis of Governor Brown's reform plan. In addition, a
summary of pension-related ballot initiatives
is also available.
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Wed
26
OCT
2011 |
RV Kuhns
selected to provide real estate consulting services
At its meeting today, OCERS’ Investment Committee
selected RV Kuhns & Associates, Inc. to provide real estate consulting services.
The objective is to sign the contract with RV Kuhns by Dec. 1, 2011. The
selection of RV Kuhns & Associates, Inc. came at the end of a seven-month
search..
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Wed
26
OCT
2011 |
IRS announces
2012 contribution limits
The Internal Revenue Service (IRS) has announced cost of living adjustments
(COLAs) affecting dollar limitations for pension plans and other
retirement-related items for Tax Year 2012. The elective contribution limit for
employees who participate in 401(k), most 457 plans and 403(b) plans is
increased from $16,500 to $17,000.
For full details on the pension plan limitations for 2012, including the
limitation on the annual benefit under a DB plan under section 415(b)(1)(A),
visit:
http://www.irs.gov/newsroom/article/0,,id=248482,00.html
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Fri
05
AUG
2011 |
OCERS announces settlement of
Wachovia Bond & Preferred Securities Litigation for $627 Million
OCERS is set to receive a portion of a $627 Million settlement under the terms
of a global settlement announced today.
Click here to read the OCERS-issued press release.
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Wed
25
MAY
2011 |
Update - Public Employees
Pension Reform
Ballot Initiative
The
Sacramento Bee reports that former
State Assembly Member Roger Niello said
he will not pursue a signature-gathering campaign for his pension reform
proposal because of the diminishing likelihood of a special election on taxes
later this year. "Our urgency is gone," he said. "The reason for filing this
measure was to have something in line for a November election alongside the
measure on taxes, but that appears unlikely to happen now." Gov. Jerry Brown is
still calling for a special election as early as September to keep in place the
current rates of income, sales and vehicles taxes. |
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Tue
07
JUN
2010 |
Video Library
OCERS has launched a Video Library where members and plan
sponsors can view short, informational videos covering subjects such as
reciprocity, retirement tips and available retirement options.
Click here
to visit the Video Library.
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Fri
04
JUNE
2010 |
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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