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November 2022 Paycheck Flyer
NEW IRS AND CA STATE TAX WITHHOLDING FORMS FOR 2023
The Internal Revenue Service (IRS) and the State of California have released new forms for requesting federal and state tax withholdings. The new W-4P and W-4R forms will be used for requesting federal tax withholdings and form DE-4P will be used for California State tax withholdings. The new forms will be required for any requests received on December 13, 2022, and beyond. You DO NOT need to submit a new form unless you would like to make changes to your withholdings.
LACERS Retired Members November Update
LACERS THANKSGIVING HOLIDAY HOURS
The Thanksgiving holiday is quickly approaching, and the LACERS 800 phone number will not be in service from November 21 through November 23. Members can still reach LACERS for urgent matters by leaving a voicemail at (800) 779-8328 or by sending an email to lacers.services@lacers.org. LACERS will be closed on November 24 and 25 for the Thanksgiving Holiday.
Please keep these dates in mind and plan ahead if you want to speak with a LACERS representative by phone. We look forward to continuing to assist our Members and wish everyone a wonderful holiday!
LACERS Active Members November Update
LACERS THANKSGIVING HOLIDAY HOURS
The Thanksgiving holiday is quickly approaching, and the LACERS 800 phone number will not be in service from November 21 through November 23. Members can still reach LACERS for urgent matters by leaving a voicemail at (800) 779-8328 or by sending an email to lacers.services@lacers.org. LACERS will be closed on November 24 and 25 for the Thanksgiving Holiday.
Please keep these dates in mind and plan ahead if you want to speak with a LACERS representative by phone. We look forward to continuing to assist our Members and wish everyone a wonderful holiday!
LACERS Well Calendar of Events
HOLIDAY WELL-BEING WEBINAR FOR RETIRED MEMBERS
Holidays can be challenging for those who have suffered loss or feel alone and without family or social support. This seasonal presentation discusses strategies to combat feelings of sadness or “the blues” during the winter holidays.
This Zoom meeting takes place on November 17 from 10:00 a.m. – 11:30 a.m. and features Dr. Haydeh Fakhrabadi, Psy.D., CPII Clinical Psychologist with the Los Angeles County Department of Mental Health. Reserve your spot now!
You can register for these events via your MyLACERS online portal account or by calling LACERS at (800) 779-8328. Once you have registered, expect Zoom access information to be provided at least one day before your event.
October 2022 Paycheck Flyer
OPEN ENROLLMENT ENDS NOVEMBER 17, 2022
There is still time to make Open Enrollment changes. Open Enrollment is your opportunity to enroll in a health, dental, or vision plan; change your plan; or add dependents with changes taking effect on January 1, 2023. Don’t miss out! The 2023 Open Enrollment period ends November 17, 2022. For more information, view the 2023 Health Benefits Guide at lacers.org/health-benefits-guide or contact LACERS at (800) 779-8328.
LACERS Active Members October Update
APPLYING FOR RETIREMENT ONLINE
The online Retirement Application Portal (RAP) is an efficient and convenient way to apply for retirement. If you will be retiring in the near future, here are key steps to take before accessing the RAP:
- Contact LACERS 90 days prior to your anticipated retirement date to request a retirement benefit estimate.
- Download a Decision Sheet and start to review the decisions you will be making.
- Register for a Retirement Counseling session and a Health Counseling session.
Please visit the Applying for Retirement Online webpage for more information.
LACERS Retired Members October Update
2023 OPEN ENROLLMENT IS HERE
Be on the lookout over the next few days for mailings pertaining to Open Enrollment. Open Enrollment packets include an Open Enrollment Health Plan statement and an Open Enrollment overview. Members 65 and over will receive a copy of the 2023 Health Benefits Guide and Members under 65 will receive instructions on accessing the 2023 Health Benefits Guide online. The Open Enrollment Health Plan statement is a snapshot of your coverage in LACERS’ system as of August 31, 2022.
Open Enrollment is your opportunity to enroll in a plan, change your plan or add dependents. The 2023 Open Enrollment period ends Thursday, November 17, 2022.
LACERS Well Calendar of Events
EXPLORE YOUR OPTIONS – REGISTER NOW FOR OPEN ENROLLMENT
Meetings will be held online using Zoom video conference, or you may dial in by phone to hear the online Zoom presentation.
All virtual meetings begin at 10:00 a.m. on the following dates:
• Kaiser Permanente – October 18
• Anthem Blue Cross and Blue View Vision – October 20
• SCAN Health Plan, UnitedHealthcare, and Delta Dental – October 25
You can register for these meetings via your MyLACERS online portal account or by calling LACERS at (800) 779-8328. Once you have successfully registered, expect Zoom access information to be provided at least 1 day prior to your event.
Members unable to attend these sessions can visit the official LACERS YouTube channel and view a recorded version later.
Hot off the Press: Summer 2022 LACERS Well Newsletter is Here!
The Summer 2022 edition of the LACERS Well newsletter is ready to view here on the LACERS website! This edition features an article from new LACERS Health Benefits Director, Karen Freire.
September 2022 Paycheck Flyer
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.
LACERS Active Members September Update
LEARN ABOUT RETIREE MEDICAL, DENTAL, AND VISION BENEFITS OFFERED BY LACERS
Do you know what medical, dental, and vision plans are offered for LACERS upon retirement? Do you know when and how to enroll? Are you aware of how much these options cost? These details and more will be explained to help you understand your health benefits in retirement during LACERS’ Medical, Dental, and Vision Informational Session taking place on Thursday, September 29, at 10:00 a.m.
You can register online through your MyLACERS account or by calling LACERS at (800) 779-8328, RTT (888) 349-3996. Once you have successfully registered, expect Zoom access information to be provided at least 1 day prior to your event.
Interested in what other events LACERS has to offer? Check out our calendar.
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.