A Word on COVID-19

By the end of April, it is estimated that half of U.S. adults are expected to have received at least one dose of a coronavirus vaccine. This is good news if we are expected to return to activities we enjoyed before the pandemic hit and changed our lifestyles.

The RLACEI Board looks forward to seeing Retirees very soon as we prepare for our annual golf tournament in June and look forward to a well-deserved and fun-filled picnic outing in August, where we can meet in person and see friends and co-workers who have been distanced from us for the past year. Let’s have some fun!

As always, continue to stay safe, stay healthy and stay well, both physically and mentally.

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Phil Resigns From the Board

Board Director Phil Orland resigned from the Board effective March 2021. Phil began his second term serving on the Board in November 2018...

To Be or Not To Be … A Curmudgeon

It may surprise some of you who know me, but some in my family, including my wife, think that I am a curmudgeon...

Fiduciary: What It Means, Why It Matters

You’ve probably heard the word “fiduciary.” This month, we’ll talk about it – what it means, and why it matters...

COLA Adjustment Set; Goes Into Effect in July

The LACERS Board has set the cost-of-living adjustment (COLA) to go into effect with the July pension payment based on the local Consumer Price Index (CPI) for the previous calendar year. For many members...

Lifes Moments: Retirements Listing May 2021

Here’s a listing of all those who retired from the City this month.

Lifes Moments: Retirements Listing April 2021

Here’s a listing of all those who retired from the City this month.

Hard-Earned Benefits At Risk With Legislation

Our retiree healthcare benefits are under attack by the City politicians. The City Council passed the Motion (Council file number 20-1606) that aims to reduce the City’s healthcare costs...

Neil Ricci, Rest in Peace

Longtime RLACEI Board Member Neil Ricci has passed away. Neil died in February, having served on the RLACEI Board for many years...

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David and Rosalia Rojas are Retiree on the Move

David and Rosalia “Rose” Rojas both worked for the City. Rose retired in 2010 with 33 years of City service, and David joined Rose and retired in 2011 with 20 years of service...

TIPS Definition, and Why LACERS Invests in Them

LACERS uses the principle of diversification in its investments to get a reasonable return without taking too much risk. In previous articles we have discussed using strategic asset allocation...

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A Word on COVID-19

“In tough times, the best way to overcome hardship is to lean on all of your loved ones, but the novel coronavirus pandemic has made that quite impossible to do. Some may be quarantining...

LACERS Reviewing Its Asset Allocations

As a long-term investor, LACERS invests the assets of the portfolio to pay the long-term benefits earned and owed to its active and Retiree members and beneficiaries...

Retiree Healthcare Is City Council Target

A Council motion presented by Bob Blumenfield and Paul Krekorian and seconded by Paul Koretz could harm your Retiree health benefits. That motion (Council file number 20-1606) aims to reduce...

Lifes Moments: Retirements Listing March 2021

Here’s a listing of all those who retired from the City this month.

Lydia Hollins is a Retiree on the Move

Lydia Hollins retired in 2015 from the LAPD as a Systems Analyst. During her City employment, she worked for both LAPD and Transportation...

The Perils of Divestment

Recently, the City Council adopted a motion that, among other things, would have LACERS divest from some fossil fuel companies and other companies that “contradict the City Council’s official positions...
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