LEGISLATIVE REPORT: Is Cal Supreme Court Opening Doors to More Pension Reform?
Remember that the California Supreme Court has ruled on one major public pension issue lately, that concerning the use by local governments to allow employees to buy “air time” for additional work time not worked, which usually meant...
LACERS BOARD UPDATE: LACERS Reviews Health Management Averages
LACERS Benefits Administration Committee (which I chair) recently reviewed a report on our Health Management Dashboards as part of our plan to improve the health of our members and keep our health costs low...
LACERS BOARD UPDATE: LACERS Progressing On its Investment Goals
LACERS is making good progress on its investment goals, according to a report from our investment consultant New England Pension Consulting...
LACERS’ online wellness program announces its winners.
LACERS Well’s Feel Like a Million wellness program has its winners – Kathleen Hashiguchi, and a team called the Trail Blazers. The contest launched April 28...
LEGISLATIVE REPORT: Low Interest Rates Have Negative Impact on Pensions
The California Legislature has completed its first year of the current two-year Legislative Session, 2019-20. The State Worker reported that three bills affecting retirees’ pensions, worker’s compensation and legal privileges in union negotiations had broad support...
Tom Stemnock, longtime City employee and RLACEI Board Member, has passed away.
Tom Stemnock, Retiree from Public Works/Engineering and Planning, passed away Oct. 2 after a six-year battle with renal cancer. He had been First Vice President and a Board Member...
LEGISLATIVE REPORT: Low Interest Rates Have Negative Impact on Pensions
A Website called Seeking Alpha proclaimed that the Federal Reserve could be blamed for the “coming pension crisis.” Why? It’s because of the way in which the Fed can set interest rates, which have considerable impact on the financial markets...
