General Manager's Desk

General Manager’s Desk

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News from the General Manager’s Desk

Winter 2024

Photo of LACERS General Manager, Neil Guglielmo

Looking back, I am reminded of how much change LACERS has encountered. Three years of navigating through a global pandemic which upended every aspect of our lives, our families to how we work. There are many vital lessons but one that stands out is the way that LACERS staff showed kindness and patience toward our Members, colleagues, and others. This past year we had many firsts, we moved to a new headquarters at 977 N.

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News from the General Manager’s Desk

Summer 2023

Photo of LACERS General Manager, Neil Guglielmo

It’s been a season of change and excitement for LACERS during the last several months. We couldn’t be more excited to have turned the key and moved into our new headquarters at 977 N. Broadway. Each floor was designed with flexible workstations and open floor plans to allow for collaboration and co-creation.

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News from the General Manager’s Desk

Winter 2022

Wintry snowcapped evergreens in the frosty daylit air.

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.

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News from the General Manager’s Desk

Spring 2022

Beautiful spring landscape. Park with old trees, green grass and dandelions

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.

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News from the General Manager’s Desk

Fall 2021

Happy holidays

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.

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News from the General Manager’s Desk

Summer 2021

Summer Image

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.

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News from the General Manager’s Desk

Happy New Year 2021

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.

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News from the General Manager’s Desk

LACERS Reports Preliminary 1.1% Investment Return for Fiscal Year 2019-20

Papers with charts

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.

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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.

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