Active Members Update for June
LACERS OFFICES CLOSED ON FRIDAY, JUNE 19TH
Juneteenth, a powerful reminder of freedom, resilience, and the ongoing journey towards justice. Together, June and Juneteenth call us to honor the past, uplift the present, and move boldly into what’s next.
City Holiday: LACERS is closed on Friday, June 19, 2026, in observance of Juneteenth.
PART-TIME EMPLOYEES: MEET LACERS AT THE POLICE ADMINISTRATION BUILDING PLAZA ON TUESDAY, JUNE 30TH, FROM 10:00 A.M. TO 2:00 P.M.
Join the LACERS team at their upcoming pop-up event for part-time employees at the Police Administration Building Plaza, where you can explore your retirement benefits, ask questions, collect informational materials, and score giveaways!
Where: 100 W. 1st Street, Los Angeles, CA 90012
When: Tuesday, June 30th, 10:00 a.m. – 2:00 p.m.
Explore our full schedule of events.
EARLY RETIREMENT INCENTIVE PROGRAM 1% SURCHARGE TO END JUNE 30
Effective June 30, 2026, the bi-weekly 1% employee contribution surcharge applied to certain Los Angeles City Employees’ Retirement System (LACERS) Tier 1 Members to fund the Early Retirement Incentive Program (ERIP) will officially end.
For Members who currently pay this surcharge, it appears on paychecks under the pre-tax deduction “Tier 1 ERIP Recovery – 04D.” Because June 30 falls in the middle of the pay period, the July 22 paycheck will reflect a prorated contribution amount. The August 5 paycheck will be the first to reflect the fully updated contribution rate with the surcharge removed.
The ERIP was initially proposed and negotiated as an early retirement window with the bargaining units representing LACERS Members. The program was specifically designed to reduce annual ongoing costs to the City’s payroll by providing eligible LACERS Members with separation pay and retirement benefit enhancements to incentivize early retirement. The targeted goal of the negotiated program was to separate 2,400 employees from City service as quickly as possible. To fund the costs associated with the ERIP’s separation pay and benefit enhancements, a shared funding mechanism was established that increased employee contribution rates for certain LACERS Members by 1% for a maximum period of 15 years.
Because Tier 3 Members were not subject to ERIP costs, the conclusion of the 1% ERIP employee contribution surcharge will not affect their contribution rates. Tier 3 contribution rates will remain unchanged.
For more information, please view the ERIP Frequently Asked Questions section on our website.
FAMILY DEATH BENEFIT PLAN (FDBP): ADDED PROTECTION FOR YOUR LOVED ONES
The Family Death Benefit Plan (FDBP) is a voluntary program designed to provide your family with a monthly financial benefit if you pass away before retirement—offering added peace of mind and financial security.
Employees become eligible to enroll after completing 18 months of City service. Participation comes at a low cost per pay period.
To learn more, watch a brief overview on the LACERS YouTube Channel, or complete the Election to Participate in FDBP form to enroll.
Please note that selections made by Surviving Spouses/Domestic Partners along with their earnings may deem them ineligible for FDBP benefits.
LACERS YOUTUBE CHANNEL: THE RETIREMENT PROCESS
Considering retirement? The Retirement Process video discusses the step-by-step plan for retirement.
IN-PERSON TIER 3 RETIREMENT BENEFITS SEMINAR
Thursday, August 13th, 9:00 a.m.
LACERS Headquarters (Chinatown)
977 N. Broadway
Los Angeles, CA 90012
This half-day seminar covers the LACERS Tier 3 retirement formula, retirement allowance benefit, health benefits, survivor benefits, mental preparedness, and what to expect at retirement. It will be held in person at LACERS. Light snacks will be provided.
You can register online through your MyLACERS account or by calling LACERS at (800) 779-8328 or RTT (888) 349-3996.
LACERS GUIDE TO DISSOLUTION OF MARRIAGE AND YOUR PENSION
If you and your Spouse/State-Registered Domestic Partner decide to legally dissolve your marriage or partnership, there are a few considerations you should keep in mind. Review LACERS Guide to Dissolution of Marriage and Your Pension. For specific advice regarding your particular situation, please consult an attorney.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be on Tuesday, June 23, at 10:00 a.m. Visit our Agendas and Minutes webpage for more information.
*ADA Statement: Sign Language Interpreters, Communications Access Real-Time Transcription, Assisted Listening Devices, or other auxiliary aids and services may be provided upon request. To ensure availability, you are advised to make your request at least 72 hours before the meeting you wish to attend. Due to difficulties securing Sign Language Interpreters, notice is strongly recommended for five or more business days. For additional information, please contact (800) 779-8328 or RTT (888) 349-3996.