General Manager's Desk
News from the General Manager’s Desk
Summer 2021
The mission of the LACERS Well wellness program is to enhance the quality of life and retirement for Members by providing resources and activities that promote optimal health and wellness. The wellness team recently received a thank you card from a LACERS Member and her spouse who live in the Las Vegas area expressing, “We want to sincerely thank you for bringing the Aging Mastery Program (AMP) to us. It was so meaningful and enriched our retirement lives.” AMP is a course developed by the National Council on Aging to help older adults build their own personal playbook for aging well.
News from the General Manager’s Desk
Happy New Year 2021
As we usher in 2021 with hope on the horizon, our commitment to support and serve our Members remains unwavering and of the utmost priority. The pandemic has been challenging, but we have learned to adapt. In fact, we became nimble in ways we could not have imagined a year ago. Many of you may be utilizing technology in ways that you never thought you would but have learned to pivot and adapt as we have.
News from the General Manager’s Desk
LACERS Reports Preliminary 1.1% Investment Return for Fiscal Year 2019-20
Fiscal Year 2019-20, as you can imagine, was a year of uncertainties for investments. With the economy stalled due to the COVID-19 pandemic, LACERS ended the fiscal year with a slightly positive return thanks to an investment policy and asset allocation that is designed to withstand volatility and fluctuations in the market through a diversified portfolio that includes U.S. Equity, Non-U.S. Equity, Core Fixed Income, Credit Opportunities, Private Equity, Public Real Assets, Real Estate, and Cash asset classes.
News from the General Manager’s Desk
New Website, New Separation Incentive Programs, and a New Fiscal Year
Happy New Fiscal Year! First off, I want to thank you for your patience during what has been a challenging first half of 2020. The COVID-19 pandemic has affected all of our lives in profound ways, requiring social distancing and fundamental changes in how we eat, shop and work. Our economy has also suffered, with record high unemployment and continuing struggles for many of our small and local businesses.