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This year’s actuarial valuation (for Fiscal Year Ended June 30, 2014) concluded:





We have 24,009 Active Members. This is the lowest amount since 1999, when we had 22,504. The peak was in 2008 when we had 30,236 Active Members.

For more information, facts, and figures, click here for the Actuarial Valuation report.




Member Information Center
If you become a LACERS Member on or after July 1, 2013, you are a Tier 2 Member. Click here to view a summary of LACERS Tier 2 benefits.
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Calendar
Planning for Retirement (PFR) Seminar
Jan. 30, 2015
PFR Tier 1
Jan. 31, 2015
PFR Tier 1
Lunchtime Lecture
Mar. 18, 2015
Larger Annuity
Jun. 17, 2015
Larger Annuity


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Board Meeting Schedule
Feb. 10, 2015
10:00 AM
Feb. 24, 2015
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
Investment Benchmarking Results for the Period Ending December 31, 2013
At its December 23, 2014 meeting, the LACERS Board of Administration received a presentation by CEM Benchmarking, Inc. of investment benchmarking results for the period ending December 31, 2013.  LACERS investment results were benchmarked against 18 of our peers, selected based on size of assets under management.

Some highlights from the report include:
  • LACERS 5-year net total return was 12.5% - above the U.S. Public median and our peer median of 12.1%.
  • LACERS 5-year net value added was 0.6% - above the U.S. Public median and our peer median of 0.2%.  This means that the structure of our investment program added more value than the structure of our peer’s investment programs.
  • LACERS investment cost of 50.5 basis points was below our benchmark cost of 55.1 basis points.  This means that LACERS was able to implement its investment program at a lower cost than our peer group would have been able to with the same asset allocations.
To see the report in full, click here.

Open Enrollment Has Ended
LACERS’ Open Enrollment period ended December 1 and health plan changes can no longer be made for the 2015 calendar year. Unless there is a qualifying event, the next opportunity to make changes to your LACERS health plan will be during the Open Enrollment period for 2016. For more information about qualifying events, contact LACERS at (800) 779-8328 or visit www.lacers.org/retired to view the 2015 Health Benefits Guide (pages 5-6).

Reminder: Any health plan changes you made during the Open Enrollment period become effective January 1, 2015 and your first monthly health plan premium deduction for 2015 will begin with your December 2014 LACERS Retirement Allowance.

Important News About Your Pension Information
In response to a California Public Records Act (CPRA) request, LACERS has been advised that it must release information regarding all of its Retired Members, including their names, pension amounts, years of service, and retirement year. Read more ...

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). 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.