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REAOC, County to Co-host Special 2015 Open Enrollment Meeting for Retirees on November 6

The 2015 Open Enrollment period for your County of Orange benefits begins November 1 and continues through November 21 of this year. You will be sent your enrollment packets and have the opportunity to review any modifications to your current plan including the 2015 rates. 2015 medical plan changes and rate increases/ decreases may affect your decision to keep or change your current coverage.

The Retired Employees Association of Orange County (REAOC) in cooperation with the County of Orange Employee Benefits staff is hosting two workshop sessions on Thursday, November 6, 2014, to provide information to help you explore your 2015 plan options. If you are a pre-65 retiree you may note a signicant increase in the cost of your 2015 premiums compared to the premiums you are currently paying. This is due to a one-time credit which offset 2014 rates, but is not available in 2015.

The morning session, beginning at 9 a.m.,
will focus on pre-65 retirees.
An afternoon session, starting at 1 p.m.,
will focus on post-65 retirees.
Representatives from the health plans and Employee Benefits will be there throughout the day to answer your questions. New 2015 rates for all retiree plans are posted below. Whether you are a pre- or post-65 retiree, if you have any questions regarding plan benefits, options and rates, please consider attending either the morning or afternoon session on November 6. We look forward to seeing you at OCERS, 2223 E. Wellington Avenue, Santa Ana, CA.
Linda Robinson & Doug Storm, Co-Presidents
Please click on the links below for the charts provided by the County for the 2015 Health Plan rates:

News, week of September 22, 2014
Public Pensions Fueling Venture Capital Boom
Bloomberg Business News reports that public pension fund investments have been quietly fueling the current boom in venture capital.  (More)
San Diego’s high risk pension fund practice questioned
The San Diego Free Press reports that the Wall Street Journal feels an extreme amount of risk is being used by this County Retirement System pension fund to make up for funding shortfalls.  The article identifies a similarity between San Diego’s current practice of using leverage (borrowing to invest) to that of the Orange County Treasurer in the 90’s which led to the bankruptcy of Orange County. (More)
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Santa Ana, CA  92711-1787


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