Financial Reports


OCERS’ Administrative Budget

OCERS’ Administrative Budget represents the anticipated operating cost for the calendar year, including funding of initiatives to help OCERS achieve its strategic goals. The budget, prepared on an accrual basis in accordance with Generally Accepted Accounting Principles (GAAP), is regulated by California Government Code Sections 31580.2 and 31596.1 and meets the administrative expense cap of 0.21% of the Actuarial Accrued Liability. 

2022 OCERS Budget


Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report contains information about OCERS’ investments, financial statements, funding and membership. Information contained in the report is designed to provide a complete and accurate review of the year’s operations.

For Year Ended 2020

For Year Ended 2019

For Year Ended 2018

To view the annual reports for previous years please visit our Archived Financial Reports page


GASB 67 & 68 Resources

GASB 67 & 68-related documents are important in helping employers, members and other stakeholders understand accounting rules that impact the way employers and pension plans account for and report their defined benefit plans for employees.

2020 GASB 67 & 68 Resources

GASB 67 Valuation

GASB 68 Valuation

GASB 68 Audit Report

UAAL vs NPL Reconciliation

To view GASB 67 & 68 reports for previous years please visit our Archived Financial Reports page.


Actuarial Information

The Actuarial Valuation and Review reports summarize the actuarial data used in our valuation, establish the funding requirements for each fiscal year, and analyze each preceding year’s experience.

Actuarial Valuation as of 12/31/2020

Actuarial Valuation as of 12/31/2019

Actuarial Valuation as of 12/31/2018

Actuarial Valuation as of 12/31/2017