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That the City’s payroll for employees covered by LACERS increased from $955 million in 1997 to $1.8




billion in 2009 with approximately 30,000 employees? That payroll shrank to $1.68 billion in 2011, due to the City’s Early Retirement Incentive Program, but is expected to be over $2.0 billion next fiscal year with approximately 24,000 employees.  Increases to the City’s payroll create increases to the City’s annual contribution to LACERS.



Member Information Center
Changes to LACERS Benefits NEW
Effective February 21, 2016, Members hired on or after February 21, 2016 are Tier 3 Members. Tier 2 Members have been transferred to 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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Calendar
Planning for Retirement (PFR) Seminar
July 9, 2016
PFR Tier 1
July 20, 2016
PFR Tier 1


Calendar
Board Meeting Schedule
June 28, 2016
10:00 AM
July 12, 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
Special Employee Member Board of Election Update NEW
The City Clerk has tallied the ballots for the Elected Employee Member of the Board of Administration.  Based on unofficial results, Annie Chao received the most votes.  The City Clerk has until July 8, 2016 to certify official results to LACERS Board of Administration. 


Sung Won Sohn Sworn In For Second Term NEW
Sung Won Sohn’s re-appointment to the Board of Administration by Mayor Eric Garcetti was confirmed by the Los Angeles City Council for the term ending June 30, 2021.  Commissioner Sohn was sworn in by the City Clerk on June 21 at City Hall.  He has served on the Board since 2015.


LACERS Wins Award for Financial Reporting NEW
The Los Angeles City Employees’ Retirement System (LACERS) has been awarded the Certificate of Achievement for Excellence in Governmental Accounting and Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for its Comprehensive Annual Financial Report (CAFR). The GFOA is a non-profit professional association serving approximately 18,000 government finance professionals.

This marks the 17th consecutive year that LACERS has received this honor. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.

Judged by an impartial panel, based on the evidence of transparency and full disclosure in an annual financial report that exceeds requirements of the Generally Accepted Accounting Principles promulgated by the Governmental Accounting Standards Board, the CAFR is a thorough and detailed annual presentation of LACERS’ financial condition. It also documents LACERS’ financial and investment activities.


Health Benefit Eligibility Change for Members with Part-Time Employment NEW
IMPORTANT! Retired Members who had worked part-time that did not qualify for health benefits in the past may now be eligible.
Recently, the City Council adopted an ordinance that amended language related to LACERS health benefits eligibility.  This ordinance took effect on Sunday, February 21, 2016.  Based on this new ordinance, Members who are at least age 55, had worked part-time, and have at least ten years of Service with the City of Los Angeles (worked for the City for at least ten years) now are eligible to receive medical and dental plan premium subsidies.  The new eligibility criteria for LACERS medical and dental plan premium subsidies are summarized below. 

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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.