LACERS Active Members January Update
SAVE THE DATE! LACERS PENSION SYMPOSIUM FEBRUARY 22
Join us for our first virtual Pension Symposium on Wednesday, February 22, from 9:00 a.m. – 3:00 p.m. via Zoom. The 2023 LACERS Pension Symposium will feature a range of speakers presenting on the national perspective of public pensions, risks to public pension funds, aspects of investments, retirement, and LACERS operations and innovations. For more information on this event, click here.
IN-PERSON PLANNING FOR RETIREMENT SEMINAR
Take a proactive approach toward retirement and attend an upcoming in-person Planning for Retirement Seminar at The California Endowment on Tuesday, March 7 at 9:00 a.m. Complimentary parking and light snacks will be provided.
Register via MyLACERS. Looking for other options? Access our calendar for a full schedule of upcoming seminars.
2022 POPULAR ANNUAL FINANCIAL REPORT
The Popular Annual Financial Report (PAFR) is now available for the fiscal year ended June 30, 2022. LACERS provides this report annually to showcase our financial position, accomplishments, and activities.
WHEN AND HOW TO CANCEL THE FAMILY DEATH BENEFIT PLAN (FDBP)
As LACERS Members near retirement, one voluntary program they should consider canceling is the Family Death Benefit Plan (FDBP). Oftentimes, employees elect to participate in the FDBP early in their City career due to having a young family, dependent parent and/or not qualifying for other survivorship benefits due to an insufficient amount of service credit. As Members move further along in their career, these criteria may not exist and canceling the FDBP should be considered.
Furthermore, although Members may be eligible for additional benefits depending on their years of service credit, FDBP cannot be paid in conjunction with a Service Retirement Survivorship or Deferred Service Retirement Survivorship.
When to Cancel?
Members should cancel FDBP when they:
- No longer have young children and/or dependent parents; and,
- Qualify for either a Service Retirement Survivorship or Deferred Service Retirement Survivorship.
How to Cancel?
Canceling is easy. Simply review and complete this FDBP Cancellation Form and return it to LACERS. If you are not sure if you should consider canceling FDBP, please call (800) 779-8328 and we will assist you.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be on Tuesday, January 24, at 10:00 a.m. Click here for more information.
*ADA Statement: Sign Language Interpreters, Communications Access Real-Time Transcription, Assisted Listening Devices, or other auxiliary aids and services may be provided upon request. To ensure availability, you are advised to make your request at least 72 hours before the meeting you wish to attend. Due to difficulties securing Sign Language Interpreters, notice is strongly recommended for five or more business days. For additional information, please contact (800) 779-8328 or RTT (888) 349-3996.