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That LACERS has taken a number of actions on the actuarial front to help de-risk its funds including:





  • Converting from a Projected Unit Credit actuarial cost method to Entry Age Normal;




Member Information Center
Changes to LACERS Benefits NEW
The City Council has adopted an ordinance that will create a new tier (Tier 3) of retirement benefits for Active LACERS Members hired on or after February 21, 2016.  The ordinance will transfer Tier 2 Members (persons hired July 1, 2013 – February 20, 2016) into Tier 1. 


Click here for the Council file that contains the ordinance.

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Choose one of the options from the drop down menu below to get more information about our most popular subjects.

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Planning for Retirement (PFR) Seminar
Mar. 7, 2016
PFR Tier 1
Mar. 19, 2016
PFR Tier 1


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Board Meeting Schedule
Feb. 23, 2016
10:00 AM
Mar. 8, 2016
10:00 AM

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MyLACERS MyLACERS is a web member service that lets Members view account information 24/7. Active Members can see contributions on account, designated beneficiaries and contact information. Retired Members can view past 1099R statements, current payment statements, designated beneficiaries, current deductions and health deduction information. It's easy, fast and very informative!


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LACERS News
Important Information Regarding Your Retirement Benefits
If You Plan on Transferring or Promoting to DWP – Reciprocity Has Been Suspended between LACERS and WPERP. On December 10, 2013, the City of Los Angeles adopted an ordinance suspending reciprocity, effective January 1, 2014, between the Los Angeles City Employees’ Retirement System (LACERS) and the Water and Power Employees Retirement Plan (WPERP).

Please contact LACERS to explore how your retirement benefits may be impacted if you transfer or promote to DWP.

What is the current reciprocity agreement?
The current agreement between the City of Los Angeles and the Department of Water and Power (DWP) allows Members to move from either agency within a specific timeframe allowing portability of some retirement benefits.
Read more ...

Online Videos
To view short video presentation of key topics of the LACERS Plan discussed at the Planning for Retirement Seminars, click here.

Member Demographic Fast Facts
Want to learn more about LACERS’ Membership? Click here.

 





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As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities. For additional information or to make a request for documents in an alternative format, please contact (800) 779-8328 or TDD (888) 349-3996.