OCERS’ Administrative Budget represents the anticipated operating cost for the calendar year, including funding of initiatives to help OCERS achieve its strategic goals. The budget, prepared on an accrual basis in accordance with Generally Accepted Accounting Principles (GAAP), is regulated by California Government Code Sections 31580.2 and 31596.1 and meets the administrative expense cap of 0.21% of the Actuarial Accrued Liability. 

2024 OCERS Budget