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...
Why I Belong to LACERS (And You Should, Too)
Why do I belong to the Retired Los Angeles City Employees, Inc. (RLACEI)? The answer is threefold: LACERS needs to have a watchdog, I enjoy the social events, and I enjoy the benefits of my automatic enrollment in the Employees Club...
LACERS Plans to Grow Private Equity in Near Future
As I discussed in a previous article, LACERS is careful to diversify its investments in many ways including when the investment is made. No one has a crystal ball to know exactly when is the right time to invest...
Four Things to Know From Latest LACERS Valuation
Every year at about this time it is like Christmastime for retirement nerds – also known as when the annual actuarial valuation is published! Following are four interesting things I found in this year’s valuation...
