LACERS Retired Members Update for January
LACERS 2023 1099-R FORMS HAVE BEEN MAILED
LACERS has mailed its 1099-R tax forms to retirees and beneficiaries for the 2023 tax year. The 1099-Rs are only sent to the address on file with LACERS. Therefore, if you have recently moved or changed your address, please complete and submit a Change of Address form. If you have not received your 1099-R, the earliest you may request a duplicate to be mailed to you is the second week of February. You may also view your 1099-R via your MyLACERS account beginning in February.
2023 TAX FORM 1095-B AND FORM 1095-C
As you prepare to file taxes this year, you may receive one or more forms providing information about the health care coverage you had or were offered in 2023. Beginning mid to late January, most retirees will receive a Form 1095-B sent directly from the Centers for Medicare and Medicaid Services (CMS) or your health plan carrier through LACERS (i.e., Kaiser or Anthem Blue Cross). Some retirees may receive two Form 1095-Bs and a Form 1095-C (from the City) if they retired within the last year; one 1095-B will reflect the LACERS coverage, and the other one along with the 1095-C will reflect the coverage provided by the City of Los Angeles while working.
Please do not contact LACERS if you do not receive your form(s). LACERS does not administer the 1095-B or 1095-C forms. You may request a duplicate directly from your health insurance carrier. For questions about using Forms 1095-B and 1095-C to file your taxes, please consult your tax adviser or the Internal Revenue Service (IRS).
LACERS’ 2023 POPULAR ANNUAL FINANCIAL REPORT (PAFR) IS NOW AVAILABLE
LACERS’ 2023 Popular Annual Financial Report (PAFR) is now available. Members can learn about the current state of the LACERS retirement fund and more in the interactive version of the PAFR, available here.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be on Tuesday, January 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.