Latest News
OCERS Announces Strong Preliminary Portfolio Investment Returns as of June 30, 2023
August 8, 2023
At its most recent Board Meeting in July, OCERS’ Chief Investment Officer, Molly Murphy, reported impressive preliminary portfolio investment returns for the period ended June 30, 2023. Year-to-date, the portfolio rose 6.43%, net of fees, with returns of 6.65% and 7.25% for the trailing one- and five-year periods.
OCERS’ CIO, Named in Forbes’ 50 Over 50 List – Investment
August 2, 2023
OCERS' Chief Investment Officer, Molly Murphy, named and recognized on the prestigious 2023 Forbes’ 50 Over 50 -- Investment List!
Forbes' 50 Over 50 List is a distinguished annual compilation that celebrates outstanding women over 50 who have made significant contributions and demonstrated exceptional achievements in their respective fields. Ms. Murphy's inclusion on this esteemed list speaks volumes about her remarkable expertise, leadership, and accomplishments in the investment landscape.
Current Status on OCERS Implementation of the Alameda Decision
June 15, 2023
OCERS staff continue to make progress on implementing the Alameda Decision. Benefit recalculations are ongoing, with approximately 220 (out of 616) remaining. Additionally, 328 are on hold pending the review of the County Resolution that could impact the retirement benefit calculations for several specialized law enforcement units.
All active and deferred contributions and interest refunds have been processed.
Background
Portfolio Update Regarding Recent Bank Failures
March 17, 2023 Update
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
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.
OCERS Board of Retirement Members Reappointed by Board of Supervisors
Media Release: October 19, 2022
At its regular meeting held on October 18, 2022, the Orange County Board of Supervisors took actions certifying the forthcoming terms of five members who serve on the OCERS Board of Retirement.
Customer Service Update
March 14, 2022
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.
OCERS’ Human Resources Team Brings ‘Goodwill’ To Area Veterans
April 14, 2022
As part of OCERS’ Talent Management Strategy to “recruit, retain and inspire a high performing workforce,” OCERS’ Human Resources department is sharing its message with the community about how the $22.5 billion retirement system is a great place to embark on a career in public service.
Secure Drop Box Installed In OCERS Lobby
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
Alameda Case Update
August 19, 2020
The California Supreme Court issued an opinion on July 30 in what is known as the “Alameda” case (Alameda County Deputy Sheriffs Association et al v. Alameda County Employees Retirement Association and Board of Retirement of ACERA (S247095).