LACERS Active Members Update for May
LACERS APPOINTMENT-BASED SERVICE BEGINS JUNE 3
On Monday, June 3, LACERS will begin utilizing an appointment-based system for all Members who need in-person assistance. There will be two options for appointments: in person, at our headquarters, and virtually, via Zoom. These new options will allow for timely and convenient access to get your questions answered. Click here to make an appointment online or call (800) 779-8328.
Appointments aren’t necessary if you drop off documents Monday – Friday 8:00 a.m. – 4:00 p.m., and don’t need to speak to anyone. Please note that our operating hours have changed.
In-Person and Virtual Appointment Hours
8:00 a.m. – 4:00 p.m., Monday – Friday
Phone Hours
7:00 a.m. – 4:00 p.m., Monday, Wednesday, Thursday, Friday
7:00 a.m. – 3:00 p.m., Tuesday
*Please be advised that pre-entry metal detector screening requirements are in place at LACERS’ headquarters, and a current government-issued photo identification or City employee badge is required except when attending public meetings of the LACERS Board of Administration. Parking is not available at the building. Paid parking lots, public transit, and street parking are available nearby.
LACERS’ ANNUAL REVIEW
The Los Angeles City Employees’ Retirement System (LACERS) undergoes review by its actuary at least annually to ensure that its benefits are administered in accordance with all legal, tax, and fiscal standards. This year, a recommendation will be implemented requiring a minor adjustment to account for the Cost of Living Adjustments (COLA) that spouses/domestic partners, eligible for a Continuance (a Member’s retirement allowance continued at 50% or greater for the spouse’s lifetime), receive upon the Member’s death.
WHO IS AFFECTED
This change will affect Members who retire and choose to take a reduction to their retirement allowance to do one of the following:
Retire Married
Leave a Continuance to their spouse/domestic partner greater than 50%; or
Leave a Continuance for an ineligible spouse/domestic partner (married less than one year prior to their retirement date); or
Retire Single
Leave a Continuance to any designated beneficiary.
WHAT IS THE IMPACT
The changes will be applied on July 1, 2024. If you are considering retiring in 2024 and meet the criteria in the ‘Who is Affected’ section, you may contact LACERS and request an estimate to determine what impact, if any, this may have on your retirement allowance.
UPCOMING LACERS POP-UP TABLETOP IN THE WEST VALLEY, THURSDAY JUNE 13
LACERS’ Member Engagement Team will be at West Valley Animal Services, 20655 Plummer Street, Chatsworth, CA 91311, on Thursday, June 13, from 9:00 a.m. to 1:00 p.m.
Stopping by is a convenient way for you to get your general retirement questions answered. Assistance is provided on a first-come, first-serve basis so don’t wait to come see us! Plus, the first 5 LACERS Members in attendance will receive a LACERS swag item!
WATCH OUR LATEST VESTING VIDEO ON YOUTUBE
Have you ever wondered about Vesting with LACERS? Active Members need to be both vested and meet eligibility requirements for their LACERS Membership tier to collect a benefit from LACERS. Learn more by watching our Vesting Video.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be on Tuesday, May 28, at 10:00 a.m. Visit our Agendas and Minutes webpage 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.