Awards
2022 Recognition
Award for Outstanding Achievement - The Los Angeles City Employees’ Retirement System has been honored with two prestigious Government Finance Officers Association (GFOA) Awards for Annual Financial Reporting.
This recognition is a testament to the unwavering commitment and hard work of the dedicated accounting team at LACERS. Achieving excellence in financial reporting requires precision, transparency, and steadfast dedication. The GFOA Award is a symbol of LACERS’ responsibility to uphold the highest standards of financial reporting and transparency.
2019-2022
Award for Outstanding Achievement – LACERS’ inaugural Popular Annual Financial Report (PAFR) earned the Government Finance Officers Association’s award for Outstanding Achievement for three consecutive years (fiscal years ended 2019-2022). The prestigious PAFR Award program recognizes conformance with the highest standards for preparation of state and local government popular reports. To receive this award, a government unit must publish a PAFR, whose contents conform to program standards of creativity, presentation, understandability and reader appeal. The PAFR summarizes and presents key financial information contained in LACERS Annual Financial Report, along with key statistics and facts, in an easy to read and understandable manner that includes multi-year graphs to show annual changes and trends.
2013 – Present
Public Pension Standards Award For Funding and Administration by the Public Pension Coordinating Council, a confederation of National Association of State Retirement Administrators (NASRA), National Conference on Public Employee Retirement Systems (NCPERS), and the National Council on Teacher Retirement (NCTR) in recognition of meeting professional standards for plan funding and administration as set forth in the Public Pension Standards.
2013 Recognition
The Pew Charitable Trusts commended LACERS in its 2013 report, A Widening Gap in Cities — Shortfalls in Funding for Pensions and Retiree Health Care. LACERS was recognized as a “bright spot” for prefunding retiree health care.
2011
The Quality and Productivity Award by the City of Los Angeles Quality and Productivity Commission for successful participation in the Federal Early Retiree Reinsurance Program (ERRP), resulting in reimbursements totaling $5.9 million for claims associated with early retiree medical plans.
1999 – Present
Certificate of Achievement for Excellence in Governmental Accounting and Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada for our Comprehensive Annual Financial Report. LACERS has won this award every year since 1999. Click here to view the Comprehensive Annual Financial Report.