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Employer and Employee Contribution Rates
The Board of Retirement has adopted employer and employee
contribution rates for fiscal years 2009
and 2010.
Click here to view the Contribution rates
for your agency.
Actuarial Cost of Early Retirement Incentive
This
information is being provided to assist Plan Sponsors who may
have questions regarding Early Retirement Incentives. This
in no way indicates that the Plan Sponsor is considering an
Early Retirement Incentive.
Click here to view the actuarial cost of providing an Early
Retirement Incentive (ERI) for your agency.
Pension Protection Act Update
The Hanson Bridgett law firm has prepared a Memorandum
addressing the portions of recently-approved major federal
legislation that will apply to public pensions.
Click here to
view the memo. OCERS is already working on how to implement
provisions of the legislation that apply to our Plan Sponsors
and will be releasing more information on these changes in the
near future.
Social Security Protection Act impacts new members
Beginning January 1, 2005, any new employee who becomes a member
of OCERS must sign Form SSA-1945. An original, signed copy of
the form must be submitted by the new employee's Plan Sponsor to
OCERS before employment begins, and it should be sent along with
the Member Affidavit.
Review of Economic Actuarial
Assumptions
On May 19, 2008, OCERS' actuary presented the Board of
Retirement with a report reviewing the
December 31, 2007 economic actuarial assumptions for OCERS.
Click here
to review the report.
Actuarial Experience Study
On May 19, 2008, OCERS' actuary presented the Board of
Retirement with a Three-Year Experience Study detailing
non-economic factors such as mortality rates and service
retirement rates.
Click here to review the Triennial Actuarial
Investigation.
Click here to review what the Board of Retirement adopted in
regards to the December 31, 2007 economic actuarial assumptions
and Triennial Actuarial Investigation
at the May 19, 2008 Board of Retirement meeting (item I-2).
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