New developments concerning the Orange County employee retirement law

Abstract

The County Employees Retirement Law of 1937 paved the way for employer‐sponsored retirement programmes to be created. One such programme is the Orange County Employees Retirement System. It was implemented in 1945 to provide retirement benefits for public service employees. Since that time, many new developments have resulted in changing the system to better service the members. Those new developments include SB 558, the cancer presumptive bill, AB 1817 affecting disability retirement, AB2841 increasing employer contributions, and AB1937 increasing retirement allowances. Using Orange County as an example, these developments are analysed according to their affects upon employees. The significance of these developments for employers and employees of all companies is to encourage the appropriate action necessary to implement change in a positive way for all members of a retirement scheme.

Citation

Morelos, S.K. and Kleiner, B.H. (2004), "New developments concerning the Orange County employee retirement law", Management Research News, Vol. 27 No. 4/5, pp. 39-45. https://doi.org/10.1108/01409170410784455