SUMMARY ANNUAL REPORT FOR OCCIDENTAL COLLEGE EMPLOYEES FOR 2011

This is a summary of the annual report for College-sponsored benefit plans, 95-1667177 for 2011. Annual reports for each plan have been filed with the Internal Revenue Service, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic Financial Statements

1)  403(b) Retirement Plan: Benefits under the plan are provided by insurance and a trust fund. Plan expenses were $5,097,842. These expenses included $5,097,842 in benefits paid to participants and beneficiaries. A total of 1,504 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of the plan assets, after subtracting liabilities of the plan, was $137,756,221 as of December 31, 2011, compared to $134,711,444 as of January 1, 2011. During the plan year the plan experienced an increase in its net assets of $3,044,777. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan's assets at the end of the year and the value of the assets at the beginning of the year, or the cost of assets acquired during the year. The plan had total income of $7,716,686, including employer contributions of $3,716,095, employee contributions of $3,221,435, earnings from investments of $166,166, and other income of $612,990.

2)  Business Travel Plan: The plan has a contract with Hartford Accident and Indemnity Company to pay all claims incurred under the terms of the plan. The total premiums paid for the year beginning January 1, 2011 and ending December 31, 2011 were $3,615.

3)  Long-Term Disability Plan: The plan had a contract with UNUM Life Insurance Co. to pay claims incurred under the terms of the plan. The total premiums paid for the plan year beginning January 1, 2011 to December 31, 2011 were $130,540.

4)  Medical, Life and Dental Plans: Each plan had a separate contract with the insurance carriers noted below to pay claims under the terms of the plan and total premiums paid for the plan year beginning January 1, 2011 and ending December 31, 2011 were as follows:

Benefit Plan / Insurance Carrier / Premiums
Kaiser Health Plan / Kaiser Foundation Health Plan / $2,603,427
Group Medical Plan (HMO and POS) / Health Net / $2,399,501
Group Life Insurance / Prudential Life Insurance Co./ US Life Insurance / $147,895
Group Dental Plan / Delta Dental / $466,692

The insurance premiums reflected above include sales commissions paid by the insurance carriers.

Your Right to Additional Information With respect to each plan, you have the right to receive a copy of the full annual report or any part thereof, including insurance information, on request. To obtain a copy of the full annual report, or any part thereof, write or call the office of the Director of Human Resources, 1600 Campus Road, Los Angeles, CA 90041, (323) 259-2613.

You also have the legally protected right to examine the annual report at the main office of the plan, Human Resources Department, 1600 Campus Road, Los Angeles, CA 90041, and at the U.S. Department of Labor in Washington, D.C. or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department of Labor should be addressed to: Public Disclosure Room, N4677, Pension and Welfare Benefits Program, Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20216.

September 30, 2012