by the People of the County of Orange

“ The Board of Supervisors shall not take any action, by ordinance, resolution, or otherwise, which increases the retirement benefits of any employee, legislative officer or elected official of the County of Orange in the Orange County Employees Retirement System or any successor retirement system (“retirement system”) , with the exception of statutorily-established cost of living adjustments, salary increases, and annual leave or compensatory time cash-outs, without first obtaining the approval of a majority of those qualified electors voting on the matter. ”

“ Prior to placement of any proposed increased benefits on the ballot, the retirement system shall prepare, or have prepared on its behalf, an actuarial study of the cost and the funded and unfunded actuarial accrued liability attributable to the retirement benefit changes proposed by the amendment. ”

“ Minimum Pension Selection Individuals elected or appointed to the County of Orange Board of Supervisors on or after June 5th 2012 are required to enroll in the minimum pension option offered to Orange County employees, which is the 1.62% at 65 pension plan. ”