Financial Reports

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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. 

OCERS’ Budget

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Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) 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.

CAFR for Year Ended 2017

CAFR for Year Ended 2016

CAFR for Year Ended 2015

To view CAFR’s for previous years please visit our Archived Financial Reports page

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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.

2017 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

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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 12/31/2017

Actuarial Valuation as of 12/31/2016

Actuarial Valuation as of 12/31/2015