In 2019 the U.S. stock market had one of its best performing years on record. Stocks, as reflected by the S&P 500 Index, gained 28.9%. To put that in historical perspective, in only four of the past 50 years have returns been higher. But if a recession hits and stocks go down, what happens to investments that pay pensions and other retirement benefits earned by City of Los Angeles employees and their beneficiaries? Fortunately, the LACERS portfolio is designed to endure both good and bad economic times.
Performance information based on LACERS fiscal-year-end reporting on returns and portfolio value.
Firms/Individuals interested in contracting with LACERS must comply with applicable City and LACERS policies. These policies include: