LACERS Receives City's Contribution for Fiscal Year 2006-07

In accordance with the 23.86% of payroll City contribution rate adopted by the Board for Fiscal Year 2006-07, LACERS received a total of $393,310,938 in contributions from various City sources, as follows:

• The Harbor Department made their portion of the contribution ($10,437,812) to LACERS on July 06, 2006.

• The Los Angeles World Airport made their portion of the contribution ($39,879,562) to LACERS on July 13, 2006.
  
  
• The Controller's Office disbursed $342,993,564 in proceeds from a Tax Revenue Anticipatory Note (TRAN) to LACERS on July 18, 2006.