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 12/30/2020

Actuarial Valuation as of 12/31/2019

Actuarial Valuation as of 12/31/2018

Actuarial Valuation as of 12/31/2017

Actuarial Valuation as of 12/31/2016

Actuarial Valuation as of 12/31/2015

Actuarial Valuation as of 12/31/2014

Actuarial Valuation as of 12/31/2013

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.

Actuarial Experience Study 01/01/2017-12/31/2019

Actuarial Experience Study 01/01/2014-12/31/2016

Actuarial Experience Study 01/01/2011-12/31/2013

Actuarial Experience Study 01/01/2008-12/31/2010

Actuarial Experience Study 01/01/2005-12/31/2007

Actuarial Experience Study 01/01/2002-12/31/2004

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.

Review of Economic Actuarial Assumptions for 12/31/2014

Review of Economic Actuarial Assumptions for 12/31/2012

Review of Economic Actuarial Assumptions for 12/31/2011

Review of Economic Actuarial Assumptions for 12/31/2007

Review of Economic Actuarial Assumptions for 12/31/2004

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.