Any Member of LACERS who is an employee of the City of Los Angeles, including employees on leave without pay status.
Any person or legal entity entitled to receive a benefit provided by LACERS.
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.
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?