LACERS Retired Members Update for March
LACERS OFFICES CLOSED ON MONDAY, MARCH 30
City Holiday: LACERS is closed on Monday, March 30, 2026, in observance of Farmworkers Day.
EASILY UPDATE YOUR CONTACT INFORMATION THROUGH MYLACERS
You can update your address, phone number, and email address online using your MyLACERS account. Watch this instructional video to learn how to conveniently and securely update your contact information without submitting forms. Please note that address changes made before the 12th of the month are effective immediately. Those made on or after the 12th of the month are effective on the 1st of the following month.
COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1
The LACERS Board of Administration has approved the maximum allowable Cost-of-Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries at 3.0% for Tier 1 and Tier 1 Enhanced Members and 2.0% for Tier 3 Members. Tier 1 and Tier 1 Enhanced Members are City employees who became LACERS Members on or before February 20, 2016. Tier 3 Members are City employees who became LACERS Members on or after February 21, 2016.
The COLA is based on the Consumer Price Index (CPI) for the Los Angeles area, which has been determined to be 3.2% for 2026. The maximum COLA is set by the City of Los Angeles Administrative Code at 3.0% for Tier 1 and Tier 1 Enhanced Members and is set at 2.0% for Tier 3 Members. Tier 1 Retirees who have been retired for a full year or more will receive a 3.0% increase. The remaining .2% will be banked and applied in the future when the COLA is less than 3.0%. According to LAAC § 4.1080.17, the Tier 3 COLA benefit is capped at 2.0%, and there is no banked benefit. Therefore, Tier 3 retirees will receive a COLA of 2.0%.
All Tier 1 and Tier 1 Enhanced Members who retired after June 30, 2025, will receive a COLA of 1/12th of the 3.0% for each full month of retirement completed by June 30, 2026. Similarly, all Tier 3 Members who retired after June 30, 2025, will receive a COLA of 1/12th of the 2.0% for each full month completed by June 30, 2026. The COLA will be included in all eligible Retired Members’ and Beneficiaries’ July 31, 2026, check or direct deposit.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be Tuesday, March 24, 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.