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.
The following Actuarial Experience Study reports is a review of the actuarial experience of the Orange County Employees Retirement System. Each study utilizes the census data of the last three actuarial valuations and includes the proposed actuarial assumptions to be used in future actuarial valuations.
The Review of Economic Actuarial Assumptions are conducted by OCERS’ consulting actuary typically every three years (or upon special request) in conjunction with the completion of the triennial experience study. Economic assumptions include such things as OCERS’ investment return, salary increases and inflation.
Evolution of OCERS’ Unfunded Actuarial Accrued Liability
In order to help the public better understand the long-term nature of public pension plans and how their design allows for the smoothing of the highs and the lows of pension costs over an OCERS member’s career, the Board of Retirement requested staff prepare an overview of as it developed from the year 2000 through the end of the last report year. Read the most recent document.