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Welcome to the Club’s New Outreach to Retirement

The Employees Club of California can assist you in making the retirement process seamless...

Two Things to Watch for In the Budget Process

Each fiscal year, the City Council’s Budget and Finance Committee and City Council consider the mayor’s proposed budget for the following fiscal year. By the time you read this article, the mayor will have proposed his budget to...

LACERS Increases Private Equity Maximums

Private equity is one of LACERS’ most important investment classes and one we depend on to produce the returns needed to keep our plan strong. The Board of Administration has approved moving the...

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Remembering Jean Low

Many Retired Public Works/Street Maintenance employees will remember Jean Low, a career long office manager and Secretary to many division heads. Jean recently passed away, after 36 years of City service...

Retireee on the Move: Meet Lupe Ortiz

Lupe Ortiz retired on May 8, 2021, after more than 36 years with the City. She worked in various departments, including Public Works/Sanitation and /Street Services, Economic and Workforce Development, Housing, Rec and Parks,...

When COLA Increase Seems Insufficient

We all feel it – gas prices skyrocketing, food prices rising, rents getting higher. Currently, we are seeing increases in the Consumer Price Index (CPI) unlike anything we have seen in the last 40 years!...

LACERS Sets COLA Amount for 2022

The LACERS Board has set the Cost-of-Living Adjustment (COLA) that will be effective on July 1, 2022...

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Carrie Adelia Gabriel is Retirees on the Move (PT.3)

It was an honor to represent RLACEI in the celebration of Ms. Carrie Gabriel’s 100th birthday at her home Jan. 28....

LACERS Adopts New Benchmark for Private Equity

When I sit down to write this column every month, I do what I can to keep from “getting deep in the weeds,” becoming too preoccupied with details or complexities of how our pension plan is run. However, every now and then I see a reason to break one of my rules...

The Structure of The LACERS Board

With Mayor Eric Garcetti likely heading off to India in the near future, it’s a good time to review the structure of the LACERS Board of Administration...

Review: Las Vegas Golf Club Course

I recently had the pleasure of joining my friend of decades, Steve King (Retired from the LADOT), for a round of golf at the Las Vegas Golf Club course minutes away from the strip...

LACERS Investment Report Shows Strong Performance

LACERS recently received a quarterly investment performance report from its consultant NEPC, showing strong performance across all time periods...

Carrie Adelia Gabriel is a Retiree on the move (Pt. 2)

Meet Carrie Adelia Gabriel (Part 2), an amazing Retiree on the move and an L.A. historical figure! She’s celebrating 100 years!...

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Make Audits of LACERS Meaningful

Charter Section 1112, added as part of the Charter revisions in 2000, requires the Mayor, Council and Controller to perform a management audit of LACERS “at least once in every five years”. That Charter provision goes on to state, “Each audit shall examine...

Carrie Adelia Gabriel is Retirees on the Move (PT.1)

Meet Carrie Adelia Gabriel, an amazing Retiree on the move and an L.A. historical figure! She’s celebrating 100 years!...

A Message from President Ruth B. Perry

On behalf of the Board of the Retired Los Angeles City Employees, Inc. (RLACEI), I extend a very Happy New Year’s greeting. We hope everyone was able to rest, stay healthy and enjoy treasured time with loved ones over the holidays...

LACERS Actuary Report A Boost to Funded Status

Our actuarial value is up and our unfunded liability (the amount that we are below 100 percent funding) is down. That’s good news...
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