We’re YOUR organization!
Focused Strictly on Retirees
Run by Retirees
Protect Retiree Benefits
Work to Improve Retiree Benefits
Mobilize Retirees (When Needed)
THIS MONTH’S HOT TOPICS
Retiree Cost of Living Adjustment (COLA)
At the February 7, 2017 OCERS Board of Directors’ meeting, the Board of Retirement approved a 2% cost-of-living adjustment (COLA) increase for retirees and eligible survivors. The increase, effective April 1, will be reflected on the May 1 payment. Click here to learn more about how the Consumer Price Index (CPI) affects the COLA, as well as to see the percentage in your “COLA bank”.
For those retirees who are eligible for the STAR COLA (those retirees who retired on or before April 1, 1980), click here for additional information.
Board Watch Committee
Chair, Norma Roberts
The purpose of this committee is to protect retiree rights and benefits by reviewing Board of Supervisor’s (BOS) agendas and minutes and to listen to the BOS meetings in order to identify any items that might affect retiree rights or benefits or be of interest to REAOC.
Committee Status: This committee currently needs a volunteer to serve on the committee. If you are interested, please contact the committee chair, Norma Roberts, at her e-mail address of robertscn
Health Care Benefit Alert – Notice for County of Orange Retirees and Survivors from the County of Orange Benefits Center
REAOC does not administer health insurance programs for the County of Orange or any other employers. However, we are here to help and want our members to receive the most up-to-date information available. REAOC is partnering with the County of Orange to provide assistance to the latest updates about recent changes to the County’s Retiree health insurance programs. Please go to the County’s Human Resource Services Benefits Center page and click on the “2017 Benefits Center and Open Enrollment Transition Support” link on the left side.
We hope this information is helpful to you and we will continue to work with the County until all of the transition issues are addressed. REAOC is committed to update this information as we gather new information from the County of Orange.
The 2017 Keith R. Concannon Scholarships
The Retired Employees Association of Orange County (REAOC) has implemented its scholarship program to recognize and support qualified students to obtain further skills and expertise at an accredited institution of higher learning. The deadline to apply for the 2017 scholarship is April 1, 2017.
We were lucky to have a special speaker at our REAOC luncheon on January 25, 2017. The topics discussed by Clutter Cleaners included helpful hints to get organized. Click below to see that handout that was provided.
WHAT’S IN THE NEWS – WEEK OF FEBRUARY 13, 2017
Opinion – CalPERS criticism often misplaced
This Sacramento Bee newspaper column by CalPERS Board member Richard Costigan, who labels himself as a fiscal conservative, says that the finger-pointing and outright criticism of CalPERS and its leaders is often misplaced, misinformed and too often even mean-spirited. (More)
Editorial – Who wants to limit retirement plans?
This New York Times Editorial says that Republicans in Congress are moving to repeal regulations that allow states to establish retirement savings plans in the private sector for employees that have no retirement plan because Wall Street firms say such plans are unfair competition to what they sell. The editorial also says these firms are opposed because these new retirement plans are transparent regarding fees and charges. (See also next story.) (More)
Editorial – taxpayer hit for pensions keeps growing
Blaming politicians who refuse to govern responsibly, this Orange County Register editorial recites the impact of recent decisions by CalPERS and CalSTRS to lower the estimated future rate of investment returns the pension funds will realize, and the likely increasing burden on taxpayers. (More)
Teachers’ pension fund cuts back after overpayments
The Calpensions web site reports that the California State Teachers Retirement System (CalSTRS) has cut the pensions of hundreds of retired teachers because extra work or pay was misreported by employers as earnings for pensions. At least one group of retired teachers has sued, according to the story. (More)
Editorial – San Bernardino’s hard fought bankruptcy exit
The Orange County Register newspaper in this editorial comments on the exit of the City of San Bernardino from bankruptcy. Refreshingly the editorial does not solely blame public employee pensions for the bankruptcy, but also identifies several traits of long-running mismanagement of the city. There is plenty of blame to go around. (More)
ABOUT OUR LUNCHEONS
REAOC luncheons are held for the purpose of bringing Orange County retirees together for an afternoon of camaraderie, entertainment, and information. Friends and family are always welcome! Each luncheon features a different theme, with door prizes, and special gifts. As an added bonus, there is a valuable Progressive Drawing. They also serve as a general meeting for the membership.
The Mile Square Park Banquet Facility located at 10401 Warner Ave., Fountain Valley, California, 92708. For directions, call the Mile Square Banquet Facility at (714) 962-5541 or see map below showing where the Facility is located. Please DO NOT call the Facility to make reservations. Reservations are made by sending in the reservation form in The Informer or by calling the REAOC office at (714) 840-3995.
Luncheons are held the 4th Wednesday of January, March, May and September, and on the first Wednesday of December at Noon. To ensure a parking spot please arrive by 11 a.m. Please carpool.
Luncheons for 2017 are listed below:
January 25 March 22 May 24 September 27 December 6
Please Note: Reservations by phone or mail for the March 22nd luncheon must be at the REAOC office by Wednesday, March 15, 2017.
Cost for the luncheon is $17.00 per person. A reservation form is provided in The Informer (on the current Luncheon page), in the “Forms” section of the REAOC web site or you may email the REAOC office of your request (email@example.com).
HEMET CHAPTER LUNCHEONS
Luncheons in Hemet are held on the second Tuesday during the months of February, April, June, October and December. Attendees arrive around 11:30 a.m. at the First Presbyterian Church located at 515 E. Kimball Avenue in Hemet and lunch is served between 11:45 and noontime. The cost is $9.50 per person. The Hemet Chapter would like new members and encourages all REAOC members who live in the area or within driving distance to join them for the luncheons.
REAOC’s Hemet Chapter will hold its next luncheon on Tuesday, February 14, 2017 at 11:30 AM at the First Presbyterian Church located at 515 E.Kimball in Hemet.
Make your reservation by calling Jeri Maupin at 951-672-4594 or Joyce Emery at 951-658-2549 by no later than February 2, 2017.
Luncheons for 201 are listed below:
February 14 April 11 June 13 October 10 December 12
MAP TO MILE SQUARE PARK
Below is a map showing the general location of the Mile Square Park Banquet Facility located at 10401 Warner Ave., Fountain Valley, California 92708.
If you need exact directions from your house you can go to MapQuest and click on “driving directions.”
HEALTH PLANS FOR 2017
If you have any questions regarding your health plan, please contact the County’s Employee Benefits section at (800) 858-7266.
Please click on the links below for the charts provided by the County for the 2017 Health Plan:
For information about the supplemental insurance including dental and vision coverage, please click on the link below.
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