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LACERS Retired Members September Update
2023 OPEN ENROLLMENT IS COMING
This year LACERS Health Benefits’ Open Enrollment period will be held from October 17 – November 17, 2022, with Open Enrollment packets being mailed in early October. Open Enrollment will be your opportunity to enroll in a plan, change your plan or add dependents with changes taking effect on January 1, 2023.
Members 65 and over will receive a full packet with an Open Enrollment statement, an Open Enrollment overview, and a copy of the 2023 Health Benefits Guide. Members under 65 will receive an Open Enrollment statement, overview, and instructions on accessing the 2023 Health Benefits Guide online.
If you desire a physical copy of the Health Benefits Guide after receiving your packet, you may email lacers.health@lacers.org with the subject line “Requesting 2023 Open Enrollment Health Benefits Guide,” include your name and mailing address in the body, and one will be mailed to you.
LACERS Well Calendar of Events
CONNECT WITH OTHERS AT UPCOMING EVENTS!
FITNESS MADE SIMPLE
Why just talk or dream about exercise when we can “Make Fitness Simple?” Join Coach Sean Foy for monthly classes throughout 2022, with the next session being on September 21 at 9:30 a.m. He will help you train in the comfort and convenience of your own home via computer or phone to realize your personal health and fitness goals! Learn more on the Fitness Made Simple event page.
August 2022 Paycheck Flyer
OPEN ENROLLMENT IS COMING
This year LACERS Health Benefits’ Open Enrollment period will be held October 17 – November 17, with Open Enrollment packets being mailed in early October. This will be your opportunity to enroll in a plan, change your plan, or add dependents with changes taking effect January 1, 2023.
LACERS Retired Members August Update
LACERS BOARD OF ADMINISTRATION OFFICER ELECTIONS
Commissioner Nilza Serrano and Commissioner Elizabeth Lee were elected President and Vice President, respectively, at the August 9, 2022 meeting, to lead the LACERS Board of Administration for the term ending in July 2023. For more information on the new Board officers, please read their biographies here.
LACERS Active Members August Update
LACERS BOARD OF ADMINISTRATION OFFICER ELECTIONS
Commissioner Nilza Serrano and Commissioner Elizabeth Lee were elected President and Vice President, respectively, at the August 9, 2022 meeting, to lead the LACERS Board of Administration for the term ending in July 2023. For more information on the new Board officers, please read their biographies here.
July 2022 Paycheck Flyer
2022 COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1
Each year the LACERS Board of Administration considers a Cost of Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries. The COLA is a reflection of the Consumer Price Index (CPI) for the Los Angeles Area, which has been determined to be 3.8% for 2022.
LACERS Active Members July Update
LACERS TURNS 85
In 1937, the Los Angeles City Charter established the Los Angeles City Employees’ Retirement System (LACERS) as a retirement trust fund for the purpose of providing the civilian employees of the City of Los Angeles, a defined benefit retirement plan inclusive of service retirements, disability retirements, and survivor benefits.
As we celebrate 85 years in existence, we are proud that service to our Members remains first and foremost. We also remain committed to our mission of establishing trusting and lifelong relationships with all of our Members.
WE NEED YOUR FEEDBACK: TAKE THE LACERS FAMILY DEATH BENEFIT PLAN SURVEY
LACERS would like to learn more about our Members’ knowledge of the Family Death Benefit Plan (FDBP). Click here to take a brief survey. Your participation is appreciated!
LACERS Retired Members July Update
LACERS TURNS 85
In 1937, the Los Angeles City Charter established the Los Angeles City Employees’ Retirement System (LACERS) as a retirement trust fund for the purpose of providing the civilian employees of the City of Los Angeles, a defined benefit retirement plan inclusive of service retirements, disability retirements, and survivor benefits.
As we celebrate 85 years in existence, we are proud that service to our Members remains first and foremost. We also remain committed to our mission of establishing trusting and lifelong relationships with all of our Members.
2022 COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1
The LACERS Board of Administration approved the maximum allowable Cost of Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries effective July 1. For Tier 1 and Tier 1 Enhanced Members the COLA increase is 3.0%, with 2.0% for Tier 3 Members. For Tier 1 and Tier 1 Enhanced Members, the COLAs in excess of 3% will be banked for use during future years.
The COLA is a reflection of the Consumer Price Index (CPI) for the Los Angeles Area, which has been determined to be 3.8% for 2022. Find more information on the COLA webpage today.
Family Death Benefit Plan Rate Decrease
Attention Family Death Benefit Plan (FDBP) participants: the monthly rate for the FDBP will decrease from $2.40 per month to $1.90 per month, effective July 1, 2022. Not a participant of the FDBP program yet? Click here to find out more information about the program to see if it is right for you.
LACERS Well Calendar of Events
Join us for Upcoming LACERS Well Events!
CONNECT WITH OTHERS
FITNESS MADE SIMPLE
Why just talk or dream about exercise when we can “Make Fitness Simple?” Join Coach Sean Foy for monthly classes in 2022, with the next session being on July 20 at 9:30 a.m. He will help you train in the comfort and convenience of your own home via computer or phone to realize your personal health and fitness goals! Learn more on the Fitness Made Simple event page.
June 2022 Paycheck Flyer
JOIN LACERS WELL AT THESE UPCOMING JULY VIRTUAL EVENTS
Register for these virtual events through your MyLACERS account or by calling LACERS at (800) 779-8328. If you need assistance, send an email to LacersWell@lacers.org.
- Mom’s Computer Technology Class
Mom’s Computer will be hosting the next monthly Technology class on Wednesday, July 13 at 3:00 p.m. These classes help Members navigate the changing technology landscape and offer tips on using computers, smart phones/tablets, the Internet, and more. Zoom information will be provided to all registered individuals one day prior to the class.
Active Members Spring 2022 Newsletter is Here!
The Active Members Spring 2022 newsletter is now available here on the LACERS website! In its pages you’ll find updates from LACERS’ General Manager and Board of Administration President, interesting information about cryptocurrency, exciting day and weekend trip ideas, and more.
LACERS Active Members June Update
FAMILY DEATH BENEFIT PLAN RATE DECREASE
Beginning on July 1, 2022, the Family Death Benefit Plan (FDBP) premium will be reduced from $2.40 per month to $1.90 per month ($0.95 per pay period). To learn more about the plan, visit the Family Death Benefit Plan webpage.
LACERS Retired Members June Update
ANNOUNCEMENTS
Upcoming City Holidays: Mayor Eric Garcetti recently proclaimed Juneteenth an official City holiday. This year, LACERS will be closed on Monday, June 20, 2022 in observance of Juneteenth. LACERS will also be closed on Monday, July 4, 2022 in observance of Independence Day. LACERS office hours are Monday through Friday 7:00 a.m. to 3:45 p.m. and Tuesday 7:00 a.m. to 3:00 p.m. To experience the lowest call wait time, contact LACERS Tuesday through Thursday between the hours of 7:00 a.m. and 9:00 a.m.
Mayor Proclaims Juneteenth an Official City Holiday
In observance, LACERS to be closed on June 20th
Mayor Eric Garcetti has proclaimed Juneteenth an official City holiday. This year, LACERS will be closed on Monday, June 20, 2022 in observance of Juneteenth. Please plan accordingly if you need to contact LACERS staff for assistance. Although LACERS will be closed, Members can always access our website, the LACERS FAQs webpage, and the LACERS YouTube channel for helpful information. Regular operations will resume on Tuesday, June 21.
A Special Thank You to Cynthia Ruiz
LACERS would like to congratulate Cynthia Ruiz on her new appointment to the Department of Water and Power’s Board of Administration. As Cynthia leaves her role as the President of the LACERS Board of Administration to pursue this new role, we would like to sincerely thank her for her commitment and dedication to our organization. She has been a great asset to our department and its Members during her 6+ years as a LACERS Board Member and just over 4 years as President.
Retired Members Spring 2022 Newsletter is Here!
The Retired Members Spring 2022 newsletter is now available here on the LACERS website! In its pages you’ll find updates from LACERS’ General Manager and Board of Administration President, cybersecurity best practices, exciting day and weekend trip ideas, and more.
LACERS Well Calendar of Events
Join us for Upcoming LACERS Well Events!
CONNECT WITH OTHERS
FITNESS MADE SIMPLE
Why just talk or dream about exercise when we can “Make Fitness Simple?” Join Coach Sean Foy for monthly classes in 2022, with the next session being on June 15 at 9:30 a.m. He will help you train in the comfort and convenience of your own home via computer or phone to realize your personal health and fitness goals! Learn more on the Fitness Made Simple event page.
Investments Update
LACERS supports shareholder Proposal Seven on the Meta Platforms, Inc. proxy voting ballot
LACERS, a $22 billion public pension plan serving the civilian employees of the City of Los Angeles, supports shareholder Proposal Seven on the Meta Platforms, Inc. proxy voting ballot, which will be voted on at the Annual Meeting of Shareholders on May 25, 2022. Proposal Seven requests that Meta disclose its risks based on company business practices that “…prioritize internal financial return over healthy social and environmental systems” and address how such risks negatively impact its returns to shareholders. (2022 Meta Proxy Statement)
LACERS Retired Members May Update
ANNOUNCEMENTS
Upcoming City Holiday: LACERS will be closed on Monday, May 30, 2022 in observance of Memorial Day. LACERS office hours are Monday through Friday 7:00 a.m. to 3:45 p.m. and Tuesday 7:00 a.m. to 3:00 p.m. To experience the lowest call wait time, contact LACERS Tuesday through Thursday between the hours of 7:00 a.m. and 9:00 a.m.