Page 111 - FY 2024-25 Budget Book - Full Version

Facts and Figures

RETIREMENT - ENROLLEES BY PLAN The Orange County Employees
Retirement System (OCERS)
provides retirement benefits for
1,024 SCOC employees. The benefit
920 901 formula is established by hire
831 date:
755
Plan J – 2.7% at 55 retroactive
765 for those hired on or after
725
667 September 21, 1979, effective
560 July 1, 2005
516
Plan P – 1.62% at 65 optional
choices for those newly hired

20 17 15 15 14 effective May 7, 2010
Plan U – 2.5% at 67 (PEPRA
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
compliant) for employees hired
on or after January 1, 2013
Plan J Plan P Plan U

RETIREMENT - COURT'S SHARE OF COSTS

43.7%
41.7% 40.8% 41.7%
39.4%

31.3% 32.2% 33.5% 34.5% 35.2% 36.0% 32.4% 35.3% 33.3% 36.4%

FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
ACTUAL ACTUAL ACTUAL ACTUAL BUDGET

Plan J - Non Represented Plan J - Interpreters Plan J - Orange County Employees Association Plan P Plan U

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