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Focused Strictly on Retirees
Run by Retirees
Protect Retiree Benefits
Work to Improve Retiree Benefits
Mobilize Retirees (When Needed)
THIS MONTH’S HOT TOPICS
New Date and Time for the Hemet Luncheon
Please note that for June, the Hemet Luncheon has changed to the 3rd Tuesday of the month and will now be held on June 20th. Attendees should arrive around 11:30 a.m. at the First Presbyterian Church in the Fellowship Hall (please note the new location) 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.
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
WHAT’S IN THE NEWS – WEEK OF MAY 15, 2017
Columnist – Governor’s increased pension payment explained
The Los Angeles Times carries this column that explains how and why the Governor’s proposed 2017-18 contains an “almost $12 billion” additional payment into the CalPERS pension fund to reduce the fund’s unfunded liability. (More)
Who is coming to and leaving Los Angeles?
Real estate columnist Johnathan Lansner writes in the Whittier Daily News about 2015 data on the movement of people from and into California and Los Angeles. Data is provided on numbers of people moving and their income levels, and compared to the national average and that of Texas. The data seems to indicate that California was doing OK in 2015. (More)
Underclass growing in Orange County
The Orange County Register newspaper reports that a new Community Indictors report documents that the growing shortage of affordable housing is producing a growth in the underclass, and that this growth is likely to continue. The story indicates the report contains some good news, but the status of low wage workers is increasingly grim. (More)
Funding of nation’s largest pension funds improves
An article in Pensions and Investments reports that during the first quarter of 2017 funded status of the 100 largest public pension funds rose to 72% as of March 31, up from 70.1% as of Dec. 31. The article credits “robust market performance”. (More)
Former OC Treasurer awarded millions in legal malpractice suit
Several years ago former Orange County Treasurer-Tax Collector Chris Street was ordered to pay millions due to his apparent mishandling of Trustee duties while administering the bankruptcy and liquidation of Fruehauf Corp. Now this Orange County Register newspaper story reports that Street was awarded $10 million in a jury trial alleging malpractice by his attorney at that time. However, the attorney says he will appeal, so this may go on for a while. (More)
Another important pension case going to the Supreme Court
This article from reports that the California Supreme Court has accepted a review of another case dealing with the issue of whether public agencies may make “reasonable” changes to vested pension benefits. (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 May 24th luncheon must be at the REAOC office by Wednesday, May 17th, 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 have been traditionally held on the second Tuesday during the months of February, April, June, October and December. Please note that for June, this has changed to the 3rd Tuesday of the month which will be June 20th. Attendees arrive around 11:30 a.m. at the First Presbyterian Church in the Fellowship Hall (please note the new location) 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, June 20, 2017 at 11:30 AM at the First Presbyterian Church in the Fellowship Hall (please note the new location and new date) located at 515 E.Kimball in Hemet.
Make your reservation by calling Joyce Emery at 951-658-2549 or Jane Pabitzky at 951-237-3240 by no later than June 6, 2017.
Luncheons for 2017 are listed below:
February 14 April 11 June 20 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:
Below is a link to the County PPO Blue Shield website. It’s a great website, retirees can track their claims (once they register), find network providers, get plan information, price prescriptions, etc.
On the bottom left corner of the find a provider page is a place to check the network outside of Ca.
Blue Shield of Ca contracts for the Blue Cross Nationwide network so the provider options outside of CA are very good.
The County of Orange also provided this Retiree Services and Resources for REAOC. Please click here to access this document.
For information about the supplemental insurance including dental and vision coverage, please click on the link below.
Stay in touch with REAOC.
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