July 2025 Paycheck Flyer

JULY PAYCHECKS REFLECT THE 2025 COST OF LIVING ADJUSTMENT

The LACERS Board of Administration has approved the maximum allowable Cost-of-Living Adjustment (COLA) for eligible LACERS retired members and beneficiaries. The approved adjustments are 3.0% for Tier 1 and Tier 1 Enhanced Members, and 2.0% for Tier 3 Members. Allowable increases will be included in the July retirement allowance payment. For more information on the 2025 COLA, visit lacers.org/cost-living-adjustments-cola.

YOUR LACERS BENEFIT AND THE IMPACTS OF ADDITIONAL INCOME

Have you ever wondered how getting a job or earning additional income might impact your LACERS monthly payment? The good news is that your LACERS retirement allowance will not be affected or reduced based on earnings from a job or other sources of income.

Does my Social Security benefit affect my LACERS monthly payment? No. Having a Social Security benefit does not affect your LACERS monthly payment.

Does my LACERS retirement benefit affect my Social Security benefit? More good news! No. On January 5, 2025, the Social Security Fairness Act was signed into law, repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which had previously reduced Social Security payments for many public sector retirees and their surviving spouses. With this repeal, individuals who are entitled to a Social Security benefit no longer face those reductions.

Earning additional income does not impact your LACERS benefit. However, it is important to consider the tax implications of your total annual income. If you have questions about the tax implications for your earnings, please consult with your tax advisor. 

LACERS OFFERS A SPECIAL DURABLE POWER OF ATTORNEY

What if you experienced an illness, an accident, or another life-changing event that left you unable to make decisions or sign your own documents? Who would you want to step in and handle your LACERS affairs? 

LACERS offers a special Durable Power of Attorney, a legal document that lets you designate someone to act on your behalf to manage your LACERS pension and LACERS-administered benefits, should you become unable to do so yourself. Safeguard your interests. Consider the LACERS Durable Power of Attorney today! For more information, visit lacers.org/post/power-attorney.

JOIN US FOR LACERS WELL UPCOMING AUGUST EVENTS

Register for these events through your MyLACERS account or call LACERS at
(800) 779-8328. If you need assistance, email lacerswell@lacers.org. 

In-Person Events

• SCAN & Kaiser Permanente – Lunch & Learn:
  Tuesday, August 19 at 9:00 a.m. 
  The California Endowment 
  1000 Alameda St​
  Los Angeles, CA 90012

Virtual Events

• St. Barnabas Senior Center presents – Disaster Preparedness – Earthquakes, Storms, and Floods Webinar: Tuesday, August 5 at 10:00 a.m.
   
• Aging Well Discussion – Nutrition, Healthy Eating, & Supplements: Wednesday, August 6 at 2:30 p.m.
   
• Kaiser Well-Being Webinars – Managing Stress: Thursday, August 7 at 10:00 a.m.
   
• A Stronger U Academy – Fitness Class – 30 Days to Stronger Connection & Coordination: Wednesday, August 13 at 9:30 a.m.
   
• Mom’s Computer Technology Class: Wednesday, August 20 at 2:00 p.m.
   
• Anthem Benefit Webinar Series – House Calls Program: Wednesday, August 27 at 10:00 a.m.   
   
• Brain Health Webinar – Communication & Dementia – Connecting with a Person Living with Alzheimer’s: Thursday, August 28 at 2:00 p.m.

Join one of our webinars for the first time and inform us at the beginning to be entered into an opportunity drawing for a $25 gift card.

For a full list of LACERS Well events and LACERS Well Champion-led activities, please visit lacers.org/lacers-well-events.

Have you missed past LACERS Well events?

Visit the LACERS YouTube channel at youtube.com/@lacersofficial, and be sure to hit the subscribe button to receive alerts of newly posted videos.

 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 accommodations to ensure equal access to its programs, services, and activities.