General Manager's Desk
News from the General Manager’s Desk
Winter 2022
This year’s holiday season feels a bit different; there is more optimism in the air, and rightfully so. With practical tools and resources in place to help reduce the threat of COVID-19, individuals can again consider taking part in long-awaited celebrations with loved ones, whether get-togethers are close by or require traveling a great distance. And while COVID-19 remains an ever-present part of our lives, it is encouraging to see that it can be managed when the right precautions are taken.
News from the General Manager’s Desk
Spring 2022
The Spring season is a time for change and progress, and here at LACERS, Spring is definitely in full swing. As March showed a decline in COVID positivity rates, we decided to reopen our offices to the public on an appointment-only basis. We are excited to welcome you back and meet with you face to face, with proper safety protocols in place. Our new headquarters is still under construction; therefore, all appointments will occur at our LA Times office building until further notice.
News from the General Manager’s Desk
Fall 2021
As you enjoy the holiday season, I want to assure you that although the way you celebrate may have changed over these past two seasons, something that hasn’t changed is the hard work being done here at LACERS to ensure you and your loved ones continue to receive your benefits timely and accurately.
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.