Latest News


Portfolio Update Regarding Recent Bank Failures
March 17, 2023 Update

Important News image

Last week, Silicon Valley Bank and Signature Bank were closed by regulators.  Subsequently, the Federal Reserve established a rescue program with “bridge” banks established for both in order to insure deposits and resume operations.  There are two other banks that are sufficiently weakened as to require capital, First Republic Bank and Credit Suisse.  These two banks received infusions of capital earlier this week in order to continue operations while longer-term solutions are sought. 


OCERS Benefits Are Secure
January 26, 2023 Update

​An important message from Steve Delaney, OCERS Chief Executive Officer

During times of market volatility and economic uncertainty it is important to let members know that their OCERS benefits are secure. The OCERS Board of Retirement has taken a number of important measures over the years to ensure our members receive a secure and reliable retirement.


OCERS Chief Investment Officer Molly A. Murphy Honored
January 17, 2023

Molly A. Murphy

OCERS CIO Molly A. Murphy has been named on Chief Investment Officer  (CIO) magazine’s ”2022 Power 100″ list.

The CIO Editorial Staff announced the list of the world’s top Chief Investment Officers whose ranks include investment professionals from across the United States, as well as Canada, Europe, Asia, New Zealand and Australia.


“Alameda” Decision Update
December 21, 2022

The Orange County Board of Supervisors passed a resolution on December 20, 2022, possibly impacting the retirement benefits of some AOCDS members, specifically Peace Officers and Supervising Peace Officers with the Orange County Sheriff’s Department and the Orange County District Attorney’s Office.

Orange County Employees Retirement System (OCERS) is reviewing the resolution carefully, engaging with our Legal Team, and with County of Orange staff to determine the potential impact to active, deferred, and retired members.


“Alameda” Decision Update
September 30, 2022

On September 30, 2022, OCERS began mailing letters to retirees and other payees affected by the “Alameda” Decision that require recalculations on their monthly benefit. The letters were delivered to our mailing house for processing and are going out today first class via the U.S. Postal Service.


“Alameda” Case Update
May 19, 2022

OCERS is in the process of mailing letters to members impacted by the California Supreme Court in Alameda County Deputy Sheriffs’ Assn. v. Alameda County Employees’ Retirement Assn. (2020) 9 Cal. 5th 1032 (“Alameda”). The OCERS Board of Retirement gave OCERS’ staff several directives that went into effect on July 15, 2021 and our team has been working on the steps necessary to fully implement the Board directives.


“Alameda” Case Update
Frequently Asked Questions

What did the Supreme Court’s “Alameda” decision do?

The “Alameda Decision” established the legal standard that Standby/On-Call types of pay must be excluded from compensation earnable when calculating a legacy member’s retirement benefit, unless it is established that the time was regularly scheduled, required to be work and ordinarily worked by all members of the same grade or classification.


Customer Service Update
March 14, 2022

OCERS customer service representative

The last two years have been a challenging time for all our members, including the dedicated staff here at OCERS. Throughout the two-year pandemic, our team has continued to serve members via the myOCERS member portal, over the phone, as well as using tools such as the website, online seminars, email and traditional mail.

Even as the nation slowly returns to normal, OCERS’ staff has been faced by another challenge – a record-setting number of retirements. 


Alameda Case Update
Outcomes from the June 21, 2021 Board of Retirement meeting

The Board of Retirement adopted all of the Staff recommendations as presented at its regular meeting, with an implementation date of July 15, 2021. 

As part of the Alameda Case implementation, certain identified pay items are not pensionable. This includes On Call Pay, Sheriffs Canine Pay, Attorney Special Duty Pay and other specific pay items as outlined in the June 21, 2021 Board of Retirement meeting agenda.


Alameda Case Update
May 18, 2021

At its regular meeting held on May 17, 2021, the OCERS Board of Retirement heard several staff recommendations related to the resolution and implementation of the Alameda Decision (Agenda Item A-2 Alameda County Deputy Sheriff’s Assoc. et al., v. Alameda County Employees’ Retirement Assn., et al). This was a first reading and no formal action was taken.


Amended Board Meeting Agenda / Alameda Case
May 14, 2021

OCERS has posted an amended agenda for the May 17, 2021 Board of Retirement Meeting. 

As it relates to item A-2  (Alameda County Deputy Sheriff’s Assoc. et al., v. Alameda County Employees’ Retirement Assn., et al – Staff Recommendations Regarding Resolution and Implementation of the Alameda Decision), there will be a first reading only on May 17, 2021; a second reading and action on the item will be taken at the June 21, 2021 meeting of the Board of Retirement.

May 17, 2021 Board of Retirement Meeting Agenda (amended)


Alameda Case Update
April 21, 2021

On March 15, 2021, the OCERS Board of Retirement took steps related to the implementation of the “Alameda” case (Alameda County Deputy Sheriffs Association et al v. Alameda County Employees Retirement Association and Board of Retirement of ACERA (S247095)).

The Board of Retirement approved a test and definition of normal working hours for the purposes of determining whether certain items of pay can be included in compensation earnable under the terms of the plan.


Secure Drop Box Installed In OCERS Lobby

OCERS Drop Box

In the wake of the COVID-19 pandemic, OCERS’ staff is working remotely and is available during all regular business hours (8 a.m.-5 p.m.), Monday-Friday. The OCERS team is assisting members with all their retirement needs over the phone during this period.

Additionally, OCERS has installed a secure Drop Box for your convenience. You can now drop off paperwork, correspondence, and parcels that are within 11.5 x 7.3 x 9.3 inches in size

A few helpful notes