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January 2025 Paycheck Flyer
LACERS 2024 1099-R FORMS HAVE BEEN MAILED
LACERS has completed its mailing of 1099-R tax forms to retirees and beneficiaries for the 2024 tax year. The 1099-Rs are only sent to the address on file with LACERS. If you have recently moved or changed your address, please complete and submit a Change of Address form. If you have not received your 1099-R, the earliest that you may request a duplicate be mailed to you is the second week of February.
ALIVE AND WELL AUDIT MAILINGS
‘ALIVE AND WELL’ AUDIT MAILINGS HAVE BEGUN
For Members aged 80+, watch for an upcoming LACERS mailing containing a form to be completed and returned. LACERS periodically conducts ‘Alive and Well’ audits to ensure that Member contact information is correct and that monthly benefit payments are being paid to the intended named recipient on file. Please note that a response is required, and your timely submission is appreciated.
LACERS Retired Members Update for January
LACERS OFFICES CLOSED THIS MONDAY, JANUARY 20
City Holiday: LACERS is closed this Monday, January 20, 2025, in observance of Martin Luther King Day.
WILDFIRE IMPACT ON MEMBERS
Our hearts go out to those affected by the recent wildfires. If you’re a LACERS member who’s been impacted, please click here for important information regarding your LACERS benefits.
LACERS Active Members Update for January
LACERS OFFICES CLOSED THIS MONDAY, JANUARY 20
City Holiday: LACERS is closed this Monday, January 20, 2025, in observance of Martin Luther King Day.
2025 ACTIVE MEMBER CHECK-UP
Now is a great time to check on your LACERS benefits. Here are some things to review:
LACERS Well Calendar of Events
HAPPY NEW YEAR FROM LACERS WELL! UPCOMING VIRTUAL EVENTS
STRONGER U ACADEMY FITNESS CLASSES
Wednesday, January 15, 9:30 a.m. – 11:00 a.m.
Medicare Part B Premium for 2026
As a reminder, all Retired Members and their dependents who are eligible for Medicare and enrolled in a LACERS plan are required to enroll in Medicare Part B. Retired Members enrolled in Medicare Parts A & B with at least 10 years of Service who are enrolled in a LACERS Senior medical plan or participate in the Medical Premium Reimbursement Program (MPRP) are eligible for a reimbursement of their standard (basic) Medicare Part B premium.
Medicare Part B Premium for 2025
As a reminder, all Retired Members and their dependents who are eligible for Medicare and enrolled in a LACERS plan are required to enroll in Medicare Part B. Retired Members enrolled in Medicare Parts A & B with at least 10 years of Service who are enrolled in a LACERS Senior medical plan or participate in the Medical Premium Reimbursement Program (MPRP) are eligible for a reimbursement of their standard (basic) Medicare Part B premium.
LACERS Member Article Submissions
We know you have a lot to say! LACERS is looking for article submissions from our Members to be featured in future e-blasts and newsletters. To learn more and submit an article, access the LACERS Member Article Submission Form.
COVID-19 Vaccine & Booster Availability
Free COVID-19 vaccines are available to everyone age 5 and older.
Free COVID-19 booster vaccines are available to everyone age 16 and older.
Click here to schedule your appointment at myturn.ca.gov or contact your health care provider.
We invite you to share this information with your friends and family.
Mayor Garcetti’s Message to LACERS Retirees
Click the video to view Mayor Eric Garcetti’s message to current and future LACERS Retirees.
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.
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