The Board Manual contains the governing policies of the Los
Angeles City Employees’ Retirement System’s Board of
Administration.
The Board Manual was last updated in May 2024.
Article I – Board Governance Statement
This statement of governance makes clear the
statutes, principles, structure, and assignment of duties
that prevail in the Board’s successful oversight of the
Retirement System.
Governance Principles
1.0 Governance Principles
Governing Statutes
2.1 Los Angeles City Charter Section 1106
2.2 California Constitution Article XVI Section 17
2.3 General Laws
2.4 Standards of Practice
2.5 Key Documents by Reference
Duties and Responsibilities
3.1 The Board's Role
3.2 General Manager
3.3 Commitment of a LACERS Board Member
3.4 Committee Protocol
3.5 Committee Structure
3.6.1 Audit Committee Charter
3.6.2 Internal Audit Charter
3.7 Benefits Administration Committee Charter
3.8 Governance Committee Charter
Board Procedures
4.0 Board Procedures
Article II – Board Administrative Policies
The Board adopts policies to provide clear and consistent
direction to Board Members and Staff in the administration of the
System.
Guidance for Board Members
1.1 Conflict Governance Policy
1.2 Board Education and Travel Policy
1.3 Board Communications Policy
Contract Administration
2.1 Ethical Contract Compliance Policy
2.2 Third Party Marketer Compliance Policy
Financial, Actuarial, Audit Administration
3.1 Actuarial Funding Policy
3.2 Voluntary Benefit Deductions Policy
Benefits Administration
4.1 Board Rules
4.2 Member Solicitation and Distribution Policy
Other
5.1 Corporate Governance Actions Response Protocol
5.2 Strategic Planning Policy
Article III – Board Investment Policies
Policies in this Article provide guidance for the oversight
and management of the Investment Fund. Please note that policies
concerning contract administration also apply to Investment
contracts and are found in Article II – Board Administrative
Policies.
Board Investment Policies
Investment Policy Statement
