Retired Employees Association of Orange County
Retired Employees Association of Orange County
We're Focused on Your Future!
Join REAOC to Protect Retiree Benefits
Working Together, We're All Stronger!
Help Us Create a Better Tomorrow
By Safeguarding Benefits Today!
What We Do
What We Do
Protect Retiree Benefits
Work to Improve Retiree Benefits
Mobilize Retirees (When Needed)
How to Contact Us
P.O. Box 11787
Santa Ana, CA 92711-1787
Phone: 714.840.3995
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NEWS WEEK OF JULY 8, 2024
Orange County CEO Frank Kim retires
The photo below shows the Board of Supervisors presenting retiring County CAO Frank Kim a Resolution of appreciation and best wishes at the Board meeting this past Tuesday.
Board of Supervisors Chairman Frank Kim said, “He approached every day on the job with a calm demeanor, steady hand, and commitment to the best interests of all county residents. We wish Frank a very happy retirement. His leadership will be greatly missed.”
Orange County gets an interim CEO at 11th hour
On Tuesday, the Voice of OC reported: “Orange County’s chief financial officer is taking over as acting CEO for the foreseeable future this week as county supervisors can’t agree on who to pick for the job long term.” (Read More)
Data of nearly all AT&T customers downloaded to a third-party platform in security breach
The Associated Press reported: “The data of nearly all customers of the telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally. The breach, most of which took place over five months in 2022, hit customers of AT&T’s cellular customers, customers of mobile virtual network operators using AT&T’s wireless network, as well as its landline customers who interacted with those cellular numbers.” (Read More)
CalPERS funded status inches up
Pensions and Investments reported: “CalPERS’ estimated funded status was about 72% as of June 30, rising from 70.9% last year but still reflecting a significant decline from 81.2% in 2021, according to $446.7 billion pension fund’s most recent funding report. The material drop in funded status in fiscal year 2022 was the result of the fund’s investment return of -7.5% for that fiscal year, the report said.” (Read More)
The Supreme Court just limited federal power. Health care is feeling the shockwaves.
The Sun Sentinel is a South Florida newspaper. It recently carried this story: A landmark Supreme Court decision that reins in federal agencies’ authority is expected to hold dramatic consequences for the nation’s health care system, calling into question government rules on anything from consumer protections for patients to drug safety to nursing home care. The June 28 decision overturns a 1984 precedent that said courts should give deference to federal agencies in legal challenges over their regulatory or scientific decisions. Instead of giving priority to agencies, courts will now exercise their own independent judgment about what Congress intended when drafting a particular law.” (Read More)
Voters in several states can cut — or abolish — property taxes this fall
Governing reported on anti-property tax efforts on the ballot this year: “Voters in at least seven states will decide property tax measures in November. Most would limit what homeowners have to pay, but two would eliminate the tax completely.
- Seven states are expected to see property tax limitations on the ballot in November.
- Two would eliminate the property tax entirely, but most would limit taxes for the elderly or veterans, or peg increases to inflation.
- Critics of these measures warn that property taxes provide an irreplaceable source of revenue.
ABOUT OUR LUNCHEONS
WHY
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.
WHERE
Please note that we have a new venue for our REAOC luncheons. We will hold our luncheons at the new Elks Lodge in Santa Ana! The Elks Lodge is located at 1751 South Elks Lane, Santa Ana, CA 92705. All the luncheons will provide a main dish, a salad with vegetables, rolls and dessert. Coffee, tea, and ice water will also be available.
The Elks Lodge is right next to the OC Credit Union building on St. Andrews Place. You will find plenty of parking spaces! Attend and have fun visiting with your friends and guests at the Elks Lodge. Please see your upcoming Informer newsletter for additional information.
For directions, 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.
WHEN
For 2024, the luncheons will be held on Wednesdays on the dates listed below:
January 24, 2024
March 27, 2024
May 22, 2024
September 25, 2024
December 4, 2024
To ensure a parking spot please arrive by 11 a.m. Please carpool if possible.
We hope to see you at the REAOC luncheon!
COST
Cost for the luncheon is $20.00 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 (reaoc@reaoc.org).
Reservations for the September 25, 2024 luncheon must be received by no later than September 18, 2024.
