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
Cost of Living Adjustment (COLA) for Retirees
The Orange County Employees Retirement System (OCERS) benefit recipients will see a Cost-Of-Living Adjustment (COLA) beginning with their May 1, 2015 monthly retirement allowance. At its regular meeting held on February 17, 2015, the Board of Retirement approved a 1.5% COLA. Click below for more information on the COLA and how it impacts payees.
Retired Employees Association of Orange County – REAOC
2015 Keith L. Concannon Scholarship Program
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 scholarship is named in honor Keith L. Concannon, REAOC’s long serving representative on the Orange County Employees Retirement System Board and past REAOC President.
The application for this scholarship must be requested by sending an e-mail to firstname.lastname@example.org. and providing an e-mail address to send out the scholarship application or by calling the REAOC office at (714) 840-3995, Monday through Friday between the hours of 8:00 AM and 12:00 PM. The request must include your name and e-mail address. An application will be e-mailed to you within 48 hours.
Please click on the “Scholarship” link in the Quick Links section below to obtain additional information regarding the 2015 Scholarship process.
WHAT’S IN THE NEWS – WEEK OF FEBRUARY 23, 2015
Preliminary court hearing for former OC Assessor postponed to March
The Voice of OC reports that a preliminary hearing on the criminal case of former Orange County Assessor Webster Guillory has been postponed to March. Guillory is accused of submitting false re-election paperwork. (More)
Columnist: How we die should be personal choice
Los Angeles Times columnist George Skelton writes that government nor religion should tell him what he can do with his body. He tells about a state bill, SB-128, that would allow people with less than 6 months to live to obtain prescription prescribed lethal drugs to end their lives. (More)
OC attorney pension dispute may be ending
The web site MyNewsLA.com reports that a several year battle between the Orange County Board of Supervisors and the county attorneys’ union over funding of pension contributions may be coming to a resolution. (More)
Stockton enters post-bankruptcy phase – retirees did take a hit
Record.net, an on line news source, reports on the City of Stockton, California as it enters a post-bankruptcy phase that will hopefully mean stability for the city. The article reports a little known bankruptcy fact – 1100 retirees gave up lifetime medical benefits in exchange for a lump sum $5.1 million lump sum payout. (More)
Study of the best funded public sector pension plans
Benefits Pro reports on a study to determine the best practices of well-funded public pension plans. Common elements are an employer commitment to make required annual contributions, realistic investment return assumptions, and adjusting benefits as needed. The study was done by the Center for State and Local Government Excellence. (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 2015 are listed below:
January 28 March 25 May 27 September 23 December 2
Please Note: Reservations by phone or mail for the March 25th luncheon must be at the REAOC office by Wednesday, March 18, 2015.
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, April 14, 2015 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 April 7, 2015.
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.”
AVAILABLE HEALTH PLANS FOR 2015
At the Board of Supervisors’ meeting on Tuesday, July 23, 2014, items 35 and 37, the new Health Plan Rates, were approved on a 5-0 vote by the Board members. Although the majority of plans will have increased rates for 2015, there are some plans with decreased rates.
The rates for 2015 no longer have a positive impact due to special funding applied to the rates for the year 2014 only. These special funds, known as Early Retiree Reinsurance Program (ERRP), consisted of a short-term federal reimbursement program, authorized as part of the Patient Protection and Affordable Care Act (PPACA) to encourage employers to continue to provide insurance coverage to “early retirees” (ages 55 – 64) who were not eligible for Medicare.
The County of Orange received $2.4 million in ERRP funds for Retiree Insured Health Plans. These funds were generated as reimbursement for actual medical and pharmacy services incurred by County early retirees in these plans and were used as required by law by December 31, 2014.
Please click on the links below for the charts
provided by the County for the 2015 Health Plan rates:
For information about the supplemental insurance including dental and vision coverage, please click on the link below.
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