Latest News

Overview

Latest News

The latest news and announcements for OCERS members and stakeholders.

 

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Alameda Case Update
July 31, 2020

The California Supreme Court issued an opinion on Thursday, July 30, 2020 in the case known as Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (S247095, also known as “the Alameda case”).

OCERS is reviewing the opinion, and we will provide updates to employers and members as soon as possible. 

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Voluntary Incentive Program
August 3, 2020 Update

If you are an active member who works for the County of Orange and have questions about the Voluntary Incentive Program, Employee Benefits has created a web page and FAQ with extensive information regarding the benefit options and the Health Reimbursement Arrangement (HRA) for employees retiring and choosing from the Retiree Health Incentive options.

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OCERS Retirement Seminars Schedule
July 17, 2020 Update

Couple Using Laptop Computer

In light of recent events, OCERS is now offering online retirement seminars via Zoom for those considering retirement, in lieu of in-person Pre-Retirement Sessions. This 90 minute seminar will focus on your OCERS Retirement benefits like estimating your monthly allowance, payment options, nominating beneficiaries, required documents and much more. We encourage members who may be contemplating retirement to attend a Retirement Seminar.

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Updated Message from OCERS CEO Steve Delaney
May 7, 2020 Update on OCERS Operations and Financial Strength

OCERS CEO Steve Delaney

It was six weeks ago on Wednesday March 18, 2020 that the OCERS staff departed our building and began working remotely to abide by the Governor’s directive that all Californians “shelter in place”, in order to protect each of us from the COVID-19 pandemic.

I want to take this opportunity to reach out to our nearly 50,000 members to assure each and everyone one of you that the Orange County Employees Retirement System (OCERS) is strong, financially secure, and that our investment portfolio is safe and well positioned to face the challenges of market volatility.

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A Message from OCERS Chief Executive Officer Steve Delaney on the OCERS Response to COVID-19
March 19, 2020 Update

Steve Delaney photograph

One of the more frustrating aspects of this COVID-19 crisis is the uncertainty that comes with dealing with something so new and so dangerous. I’m writing to reassure all OCERS members about certain facts of which you can be confident.

Your Benefit is Secure

The most important fact that you need to know is if you are retired, you will get your benefit, paid in full, paid on time. That’s a fact.

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OCERS’ Portfolio Returns 14.4% in 2019

Members of the OCERS Investment Committee

At OCERS’ Investment Committee meeting held on February 26, 2020, it was reported that OCERS’ net-of-fees return for 2019 was 14.4%. The 14.4% was more than double the actuarial assumed rate of return.

OCERS’ investment portfolio had a market value of $17.3 billion as of December 31, 2019, up from $15.1 billion on December 31, 2018.

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Board of Retirement Members Sworn Into Office

Board Members given Oath of Office on January 21, 2020

At the regular OCERS Board of Retirement meeting held on Tuesday, January 21, 2020, Adele Tagaloa and Arthur Hidalgo were sworn into office as OCERS Board of Retirement Trustees. Clerk of the Orange County Board of Supervisors Robin Stieler also swore in returning members Charles Packard, Frank Eley and Shawn Dewane.

OCERS is administered by the Board of Retirement, a group of 10 trustees bound by the County Employees’ Retirement Law of 1937. 

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Orange County Board of Supervisors Celebrates OCERS 75th Anniversary

A celebration of OCERS' 75th Anniversary at the Orange County Board of Supervisors

Lisa A. Bartlett, Chairwoman of the Orange County Board of Supervisors, led a formal celebration of OCERS’ 75th Anniversary with the presentation of a Resolution on January 14, 2020.

Among those who joined the Board of Supervisors were members of the OCERS Board – Charles Packard, Frank Eley, and Shari Freidenrich, OCERS Chief Executive Officer Steve Delaney, and Linda Robinson, co-president of the Retired Employees Association of Orange County (REAOC).

The resolution was signed by all five members of the Board of Supervisors and reads: