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LACERS Beats City Deadline and Retires 2,400 City Employees Under ERIP

LACERS has retired 2,400 City employees since June 26, 2009 under the ERIP as promised by the end of the fiscal year, June 30, 2010. On June 5, 2010, LACERS retired 135 members. LACERS will retire 2 members on June 19 to bring the final ERIP tally to 2,400. Since December 2009, LACERS has retired more than 4.8 times the retirements we typically process in an entire year.

NEW Click here to view ERIP Video featuring our new Group Counseling Sessions.

Targeted and Actual Service retirements Graph


LACERS Is Here for You
If layoffs do occur, LACERS staff will be ready to assist. Please visit our Web site at www.lacers.org for information regarding options upon separating from City service. Please review this information as soon as possible, especially if you believe that you may be impacted by the potential layoffs.

Financial Planning Workshops – the Time is Always Right
Whether you were recently hired or are a long-term City employee, it's always the right time to attend a LACERS Personal Finance Series workshop. LACERS offers courses in money management and investing basics. All instructors are Certified Financial Planners and do not sell investment products. Click here to register online.

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