About

About LACERS

Overview

The Los Angeles City Employees’ Retirement System (“LACERS”) provides retirement benefits to over 60% of the City of Los Angeles’ civilian workforce, both active and retired. Our fiduciary duty* to our Members ensures we prudently manage the pension fund portfolio to offset payment costs of the pension benefits and retiree health care premiums of our Members.

Service to our Members is first and foremost. We are committed to our mission of establishing trusting and lifelong relationships with all of our Members. We prioritize developing this trust through reliable and efficient delivery of benefits and to ensure our Members are equipped with all of the information and opportunities to live well in retirement.

Overview

Glossary of Terms

Active Member

Any Member of LACERS who is an employee of the City of Los Angeles, including employees on leave without pay status. 

Beneficiary

Any person or legal entity entitled to receive a benefit provided by LACERS.

City Service

Those periods during which you were a Member of LACERS and 1) received compensation from the City as an employee or 2) received temporary disability Workers’ Compensation benefits, and also paid contributions to the LACERS.

Overview

Frequently Asked Questions

Active Employees

2020 Stock Market Volatility

How does the condition of the stock market affect my retirement benefit?

Although the benefits are paid based on Member contributions, the City contributions, and LACERS’ investments returns, your retirement benefit is calculated based on a set formula: Retirement Factor X Service Credit X Final Average Compensation.  Fluctuations in the stock market do not impact the amount of monthly benefits you receive.

Should I wait to retire?

Overview

California Public Records Act (CPRA) Request

  • LACERS Board Agendas, Minutes, and Audio from sessions open to the public can be found here.
  • LACERS’ most recently reported Financial, Actuarial, and Audit Reports can be found here.
     
  • LACERS’ historical Financial, Actuarial, and Audit Reports can be found here.
Overview

Contact Us

Address:
202 W. First Street, Suite 500
Los Angeles, CA 90012-4401
Map

Mailing Address:
LACERS
P.O. Box 512218
Los Angeles, CA 90051-0218

Mail Stop: 175

Business Hours:
Front Desk Hours (Mon-Fri): 7:00am – 4:00pm (Suspended)
Phone Hours (Mon-Fri): 7:00am – 4:00pm

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