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...
LACERS BOARD UPDATE: 2020 Health Rates Include New Acupuncture Benefit
The LACERS Board has approved renewals of the health, vision and dental benefits for the 2020 calendar year, highlighted by a new benefit – acupuncture. An acupuncture benefit had been requested by members, and now we have the program..
Meet Your Board: A look at RLACEI Board Members – August
Beverly Clark has been a member of RLACEI since April 2018. Her vision as a Board Member is to assist the Los Angeles City employees’ retirement community to stay connected, stay involved, and stay physically and financially healthy...
Membership Dues: An Update
Effective Jan. 1, 2019, RLACEI membership dues are now $3 per month. This new fee includes free membership to the Employees Club...
LEGISLATIVE REPORT: National Report Cites Strength In Local Pension Funding
New confidence in local and state pensions in this country came from the Brookings Institution in mid-July. Their experts got together with Brandeis International Business School’s Rosenberg Institute of Public Finance, Washington University in St. Louis...
Wil is a Retiree on the Move.
William Halverson retired last year from Transportation after 30 years of City service. During his City career, he worked at the DWP, Public Works/Engineering and Environmental Affairs...
LACERS Financial Report: LACERS Begins Process of Rebuilding its Retiree Website
LACERS is in the process of a major upgrade to its Internet website to make it more user friendly. This follows a user survey looking at what works and what needs improvement...
