Legislation Details

File #: 25-6010   
Type: Orange County Transportation Authority Item Status: Passed
File created: 1/14/2025 In control: Finance and Administration Committee
On agenda: 11/12/2025 Final action: 11/12/2025
Title: Orange County Employees Retirement System Early Payment for Fiscal Year 2026-27
Sponsors: Robert Davis, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report

Subject

title

Orange County Employees Retirement System Early Payment for Fiscal Year 2026-27

overview

Overview

The Orange County Employees Retirement System has offered an early payment discount of seven percent to member agencies if they elect to prepay their contributions for fiscal year 2026-27. Advance payments must be received by January 15, 2026. The estimated savings for the Orange County Transportation Authority over the next year and a half under this payment option will total approximately $1,141,000. Board of Directors’ authorization is requested for the early payment option.

recommendation

Recommendation(s)

Authorize the early payment of approximately $38.1 million by January 15, 2026, to the Orange County Employees Retirement System, for employer contributions for fiscal year 2026-27.