LACERS Fund Tops $20B; City Contribution Rate Set

This is a great time to mark a recent high-water mark for the value of the total fund, which hit $20.27 billion on Nov. 23...

Pandemic-Related Fiscal Woes Grow

Last month, I wrote about the City’s budget issues. Since that time, the City’s budget woes have grown to a projected budget gap of $675 million for the current fiscal year...

A Note on COVID-19

We’re almost there! Vaccinations from two pharmaceutical companies have been approved by the FDA...

Thank You, Cliff

Cliff Cannon has retired from the RLACEI Board as of November 2020. Cliff served in many capacities throughout his years on the Board, including Membership chair and chair of the Audit committee...

Beryne Beckham Dixon is a Retiree on the Move

Bernye Beckham Dixon retired in 2009 under ERIP (Early Retirement Incentive Program) from LAPD/Training Division. Bernye worked for the City for almost 31 years...

Ira Starks is a Retiree on the Move

Ira Starks started her City career in 1987 as a Parking Enforcement Officer employed with Transportation. Before City employment, she worked for the California State Disability Dept...

Longtime Board member Neil Ricci has retired from the RLACEI Board.

Neil served on the Board for many years in various capacities. He joined the Board after retiring from the Data Processing Operations Section of Public Works/Street Maintenance with 33 years of City service...

City Budget Issues And LACERS Impact

On Oct. 23, the City Administrative Officer (CAO) released the First Financial Status Report for the current fiscal year. As you might imagine, the news was not good. The projected shortfall grew from a projected $200 million to $400 million...

Annual Membership Meeting Now May 6

The RLACEI annual general membership meeting and holiday party, which is generally held in December, has been postponed...

2020 LACERS Insurance Plans Have Added Benefits

As you may know, LACERS is having an extended period for open enrollments this cycle, which runs through March 31, 2021. I am happy to report that there are several improvements to the LACERS health plans...