Retired Employees Association of Orange County
REAOC Board Welcomes You!
Pictured Left to Right: Co-President Doug Storm, Sharon Sedgwick, Co-President Linda Robinson, and John LaRoche
Board Watch Committee
In the News
1099R's for your Income Tax Preparation
The Orange County Employees Retirement System (OCERS) has confirmed that the 1099R's were mailed out on Friday, January 30, 2015.
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 email@example.com. 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.
WHAT’S IN THE NEWS – WEEK OF JANUARY 26, 2015
Supreme Court finds retiree health benefits not assured
On January 26 a majority of the U.S. Supreme Court justices sent the MG Polymers case dealing with whether retiree health benefits were vested for the company’s retirees back to the Federal District Court for reconsideration. While not officially ruling on the specifics of the case, the Supreme Court’s message to the lower court indicates that an earlier ruling in favor of the retirees was most likely incorrect because lifetime healthcare benefits were not spelled out in the union contract. (More)
Supreme Court ruling seen as neutral
This Employee Benefit News article describes the Supreme Court January 26 ruling on retiree health care vesting in the M&G Polymers case as a neutral interpretation of contract law that favors neither employee nor employer. The Supreme Court ordered the 6th District Court of Appeal to re-try the case, using “ordinary principles of contract law” to sort it all out. (More)
Underfunded Pensions: Tackling an “Invisible” Crisis
A report on a conference held by the Penn Institute for Urban Research quotes Wharton finance professor Robert Inman as stating the underfunding of public pensions is a significant issue and “someone is going to have to bite the bullet”. (More)
OC Officials may have to disclose contractor relationships
The Voice of OC reports that Board of Supervisors Chairman Spitzer wants the Board to require that county staff disclose social relationships with any proposed contractors. This could include a disclosure by proposed contractors of any county retirees who now or will work for the contractor. (More)
Do wins OC Supervisor seat by 43 votes
After a week of suspense in a neck and neck ballot count for the First District Supervisor seat in Orange County following the January 27 special election, the Orange County Register reported late on January 31 that the final count is in, with Andrew Do defeating Lou Correa by 43 votes. According to the article, only 22% of eligible voters cast ballots. The article says Correa could request a recount within 5 days, but barring that Do will take office next week. (More)
P.O. Box 11787
Santa Ana, CA 92711-1787
Our office hours are Monday through Friday from 8:00 AM until 12:00 PM.
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