LACERS - News

Tom Moutes has been named Assistant General Manager. He previously served as Interim Assistant General Manager and as Divison Manager of Administrative Services prior to his appointment. Tom replaces Sally Choi who moved to the Mayor’s Offi ce as Deputy Mayor of Finance and Performance Management. Li Hsi, former Division Manager of Retirement Services is now Division Manager of Administrative Services.

Welcome back - Mark Blunk, Chief Benefits Analys in charge of the Retirement Services Division. Mark returns to LACERS from the Department of Water and Power.

LACERS joined Mayor Antonio Villaraigosa in his call for an end to the genocide in Darfur by agreeing to divest the city’s pension funds from companies that do business with the government of Sudan. LACERS has
divested $3.5 million in holdings from two companies.

LACERS along with Fire and Police Pensions Fund and Los Angeles County Employees’ Retirement Association will invest in the Genesis Fund II, a workforce housing development at Puerta del Sol Condominiums in Lincoln Heights. LACERS has invested $20 million.

LACERS employees formed a WalkAmerica team to raise money for the March of Dimes on April 28, 2007. LACERS raised more than $5,000 for the March of Dimes.