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Former Mayor Garcetti’s Message to LACERS Retirees

Retirees
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Retiree November 2020 Paycheck Flyer

Open Enrollment
LACERS Open Enrollment Period Continues

LACERS Open Enrollment started on October 15, 2020 and will run until March 31, 2021. This year’s Open Enrollment period was extended to allow staff more time to process your requests while handling the increased workload associated with the City’s retirement incentive program. As mentioned in previous communications, LACERS will have up to three months to process your request and keep in mind that you cannot make another change for at least one year from your change’s effective date unless you have a qualifying event.

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LACERS Retired Members November Update

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LACERS Holiday Hours

Thanksgiving is quickly approaching, and this year the LACERS 800 phone number will not be in service from November 23 through November 25. Members can still reach LACERS for urgent matters by email at lacers.services@lacers.org. LACERS will be closed on November 26 and 27. Please keep these dates in mind and plan ahead if you would like to speak with a LACERS representative via phone. We look forward to continuing to assist our Members and hope everyone has a wonderful Thanksgiving!

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LACERS Active Members November Update

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LACERS Holiday Hours

Thanksgiving is quickly approaching, and this year the LACERS 800 phone number will not be in service from November 23 through November 25. Members can still reach LACERS for urgent matters by email at lacers.services@lacers.org. LACERS will be closed on November 26 and 27. Please keep these dates in mind and plan ahead if you would like to speak with a LACERS representative via phone. We look forward to continuing to assist our Members and hope everyone has a wonderful Thanksgiving!

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LACERS Retired Members Update

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Combat the “Holiday Blues” with an Upcoming Zoom Meeting

Please join us for our LACERS Zoom Meeting – Holiday Wellness Workshop: Understanding Holiday Blues. This Zoom meeting will feature Dr. Haydeh Fakhrabadi, Psy.D., CPII Clinical Psychologist with the Los Angeles County Department of Mental Health. 

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LACERS Active Members October Update

LACERS and Your Benefits Quiz

To celebrate National Retirement Security Month, we have put together a quiz that will help you learn about LACERS and your benefits, and also showcases the great resources available on our recently revamped website, www.lacers.org! Out of the Members who take the quiz,100 will be randomly selected to receive some LACERS’ swag. Please take the quiz by October 31, 2020 to be considered.

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Retiree October 2020 Paycheck Flyer

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There’s Still Time: Virtual Open Enrollment Meetings

Don’t miss your chance to attend any of the three remaining virtual Open Enrollment meetings available for you to learn about changes for 2021 and your health plan options. The virtual meetings are health carrier specific and will be held on the following dates:

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Building the Future of LACERS Today

Enhancing our Member and Employee Experience During a Global Pandemic

LACERS Strategic Plan Updated Report

The global COVID-19 pandemic has suddenly accelerated the need for many organizations to transform and respond to unprecedented change in operations and societal behavior.


As a different world takes shape, LACERS has responded by modernizing our operations in transformative ways. From enabling remote work to opening new channels of communication with our Members, we are on a journey of digital transformation to enhance the Member and employee experience offered by LACERS.

Paycheck Flyer

Open Enrollment: October 15 – March 31, 2021

NOT YOUR TYPICAL OPEN ENROLLMENT YEAR

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Open Enrollment for the 2021 plan year will be from October 15, 2020 to March 31, 2021. Due to different City-sponsored programs competing for LACERS health staff’s availability, the typical Open Enrollment period will be extended to allow Members and staff more time to process health plan enrollments and changes.

If you decide to enroll in a plan or make changes to your existing plan during this Open Enrollment, please be aware that:

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LACERS Retired Members October Update

Coming Soon: Open Enrollment Virtual Meetings

Due to the threat of COVID-19, LACERS will conduct Open Enrollment meetings via Zoom this year, with the option to call-in via phone. LACERS will offer these virtual meetings with each health carrier, and each meeting will include LACERS updates for the coming plan year, a presentation by the carrier, and a question and answer session. 

Please see the schedule below:

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News from the General Manager’s Desk

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

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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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Wildfire Impact on Members

Wild Fire in Mountains

Our hearts go out to those affected by the recent wildfires. If you’re a LACERS member who’s been impacted, please keep the following information in mind to make sure that you continue to receive your LACERS benefits and have access to the help and information you need:

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Beat the Heat with City of Los Angeles Cooling Centers

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Temperatures are soaring this summer! To combat these extended periods of high temperatures, the City of Los Angeles provides cooling centers at facilities throughout Los Angeles where community members can go to escape the heat. Click here to see when and where cooling centers will be available, and read about heat safety tips to help you stay safe during periods of high heat.

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Furlough Status and Retirement

Understanding how furlough status affects your retirement

Will mandatory furloughs affect my retirement benefits?
No. Taking furlough days will not impact your retirement benefits because your benefit is determined by your Compensation Earnable, which is the amount your classification earns for 80 hours in a pay period.

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LACERS Retired Members August Update

Hands chopping vegetables in a kitchen

Making Healthy Choices in the Kitchen

Making healthy lifestyle choices will benefit you in the long-run and allow you to continue doing the activities you love. One way you can work toward a healthy lifestyle is by making healthier eating choices. Click here to read an article by the American Heart Association about ways you can be smart in the kitchen.

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LACERS Active Members August Update

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New Tier 1 Mini Topical Retirement Benefit Videos

We are excited to share with you 16 new mini retirement benefit videos  on the official LACERS YouTube Channel! The videos are short in length and categorized by topical sections to help you better understand your retirement benefits and process. Make sure to check them out here, and subscribe for the latest updates to the channel!

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Retiree August 2020 Paycheck Flyer

Person signing a document
REVIEW AND UPDATE YOUR DESIGNATED BENEFICIARIES

Designating a beneficiary is one of the most important things you can do for your loved ones. It provides a clear roadmap of your intentions, and in most cases, can eliminate unnecessary stress and worry for those left behind. If you don’t designate a beneficiary, your loved ones may be forced to acquire legal documents, which can be costly and result in significant delays in processing any payable survivor benefits.

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