LACERS Retired Members Update for June
LACERS OFFICES CLOSED ON WEDNESDAY, JUNE 19
Upcoming City Holiday: LACERS is closed on Wednesday, June 19, in observance of Juneteenth.
COST OF LIVING ADJUSTMENTS WILL APPEAR ON JULY 31 PAYCHECK
The LACERS Board of Administration has approved the maximum allowable Cost of Living Adjustment (COLA) for eligible Retired Members and Beneficiaries at 3.0% for Tier 1 and Tier 1 Enhanced Members and 2.0% for Tier 3 Members.
Retirees and beneficiaries will receive their increase on their July 31 paycheck.
UPDATING A BENEFICIARY FOR YOUR LACERS BENEFITS
When is the last time you reviewed your beneficiary on file with LACERS? Maybe your situation has changed since retiring, such as getting married or becoming a child’s legal guardian. Be sure to log into your MyLACERS account to view your beneficiaries on file. If you do need to make an update, visit our Forms webpage to access the necessary forms.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be on Tuesday, June 25, 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.