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May 2023 Paycheck Flyer
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.
PUBLIC COMMENT OPEN – DISCRETIONARY COLA
On April 14, 2023, the LACERS Board introduced a request to the City Council to consider a Discretionary Cost-of-Living Adjustment (COLA) for Retired Members and Beneficiaries (Council File # 23-0418) to help combat the high inflation experienced during the most recent fiscal year.
LACERS Active Members Update for May
ANNOUNCEMENT
Upcoming City Holiday: LACERS will be closed on Monday, May 29, 2023, in observance of Memorial Day.
LACERS Retired Members Update for May
ANNOUNCEMENT
Upcoming City Holiday: LACERS will be closed on Monday, May 29, 2023, in observance of Memorial Day.
April 2023 Paycheck Flyer
LACERS IS NOW OPEN AT OUR NEW LOCATION!
We are excited to share that our new location at 977 N. Broadway in Downtown Los Angeles’ Chinatown is now open Monday – Friday, 7:00 a.m. – 4:00 p.m. No appointments are needed. Please check in at our first-floor reception desk upon your arrival for assistance. All online services and virtual assistance remain available.
LACERS Retired Members April Update
GETTING IN-PERSON ASSISTANCE JUST GOT EASIER
Appointments are no longer needed when visiting LACERS at our new location at 977 N. Broadway in Downtown Los Angeles’ Chinatown. We are open Monday – Friday, 7:00 a.m. – 4:00 p.m.*
All online services and virtual counseling remain available for our Members. Please contact LACERS at (800) 779-8328 for assistance.
*Please note a current government-issued photo identification or City employee badge is required to enter our building except when attending public meetings of the LACERS Board of Administration. Also, parking is not available at the building. Paid parking lots, public transit, and street parking are available nearby.
LACERS Active Members April Update
GETTING IN-PERSON ASSISTANCE JUST GOT EASIER
Appointments are no longer needed when visiting LACERS at our new location at 977 N. Broadway in Downtown Los Angeles’ Chinatown. We are open Monday – Friday, 7:00 a.m. – 4:00 p.m.*
All online services and virtual counseling remain available for our Members. Please contact LACERS at (800) 779-8328 for assistance.
*Please note a current government-issued photo identification or City employee badge is required to enter our building except when attending public meetings of the LACERS Board of Administration. Also, parking is not available at the building. Paid parking lots, public transit, and street parking are available nearby.
LACERS WELCOMES YOU BACK!
We are open and able to assist you with your retirement needs in person at our new headquarters! The LACERS Front Desk at 977 N. Broadway operates Monday – Friday, 7:00 a.m. – 4:00 p.m. No appointment is needed.
March 2023 Paycheck Flyer
LACERS REOPENS APRIL 3RD AT ITS NEW HEADQUARTERS
We’ve missed you! LACERS has recently moved to its very own, state-of-the-art building in Chinatown. We are pleased to announce that on April 3, we will once again be able to assist you with your retirement needs in-person as we welcome you to our new headquarters. Visit LACERS.org to learn more about our building located at 977 N. Broadway. We look forward to seeing you soon.
LACERS Active Members March Update
REOPENING APRIL 3 AT NEW LOCATION
Starting April 3, LACERS Front Desk at our new location on the first floor of 977 N. Broadway in Downtown Los Angeles’ Chinatown will be open Monday – Friday, 7:00 a.m. – 4:00 p.m.
All online services and virtual counseling remain available for our Members.
*Please note a current government-issued photo identification or City employee badge is required to enter our building. Also, parking is NOT available at the building. Paid parking lots, public transit, and street parking are available nearby.
LACERS Retired Members March Update
REOPENING APRIL 3 AT NEW LOCATION
Starting April 3, LACERS Front Desk at our new location on the first floor of 977 N. Broadway in Downtown Los Angeles’ Chinatown will be open Monday – Friday, 7:00 a.m. – 4:00 p.m., for general inquiries and document drop-off. Appointments are also available through our online booking system.
All online services and virtual counseling remain available for our Members.
*Please note a current government-issued photo identification or City employee badge is required to enter our building. Also, parking is NOT available at the building. Paid parking lots, public transit, and street parking are available nearby.
ANNOUNCEMENT: LACERS IS OPENING ON APRIL 3
WE LOOK FORWARD TO SERVING YOU AT OUR NEW HEADQUARTERS!
We are happy to announce that on April 3rd, LACERS will be open for Member Services at our new building located at 977 N. Broadway in Downtown Los Angeles’ Chinatown.
Our Front Desk will be open Monday-Friday 7:00 a.m. - 4:00 p.m. for general inquiries and document drop-off. Appointments are also available through our online booking system.
February 2023 Paycheck Flyer
ANNUAL NOTICE OF RIGHT TO ELECT OR REVOKE FEDERAL INCOME TAX WITHHOLDING
LACERS is required to inform you that your periodic benefit payments from LACERS may be subject to Federal Income Tax withholding unless you elect not to withhold. If your benefit becomes effective in 2023, and a completed Form W-4P is not on file with LACERS, your withholding will be calculated as if your filing status is Single with no adjustments. For benefits that began before 2023, your current withholding remains in effect unless you submit a new Form W-4P.
LACERS Active Members February Update
JOIN THE LACERS PENSION SYMPOSIUM TOMORROW AT 9:00 A.M.
Join us tomorrow, February 22, from 9:00 a.m. – 3:00 p.m. via Zoom for our first virtual Pension Symposium. The 2023 LACERS Pension Symposium will feature a range of speakers presenting on the national perspective of public pensions, risks to public pension funds, aspects of investments, retirement, and LACERS’ operations and innovations. For more information on this event, click here.
LACERS Retired Members February Update
JOIN THE LACERS PENSION SYMPOSIUM TOMORROW AT 9:00 A.M.
Join us tomorrow, February 22, from 9:00 a.m. – 3:00 p.m. via Zoom for our first virtual Pension Symposium. The 2023 LACERS Pension Symposium will feature a range of speakers presenting on the national perspective of public pensions, risks to public pension funds, aspects of investments, retirement, and LACERS’ operations and innovations. For more information on this event, click here.
Active Members Winter 2023 Newsletter is Here!
INVESTING 10 MINUTES READING THIS NEWSLETTER CAN ENHANCE YOUR RETIREMENT BENEFITS KNOWLEDGE.
The Active Members Winter 2023 newsletter is now available on the LACERS website! This installment opens with an important message from LACERS Board President Nilza Serrano. As you read further, you’ll learn about various topics, such as: