LACERS TURNS 85
In 1937, the Los Angeles City Charter established the Los Angeles City Employees’ Retirement System (LACERS) as a retirement trust fund for the purpose of providing the civilian employees of the City of Los Angeles, a defined benefit retirement plan inclusive of service retirements, disability retirements, and survivor benefits.
As we celebrate 85 years in existence, we are proud that service to our Members remains first and foremost. We also remain committed to our mission of establishing trusting and lifelong relationships with all of our Members.
2022 COST OF LIVING ADJUSTMENT EFFECTIVE JULY 1
The LACERS Board of Administration approved the maximum allowable Cost of Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries effective July 1. For Tier 1 and Tier 1 Enhanced Members the COLA increase is 3.0%, with 2.0% for Tier 3 Members. For Tier 1 and Tier 1 Enhanced Members, the COLAs in excess of 3% will be banked for use during future years.
The COLA is a reflection of the Consumer Price Index (CPI) for the Los Angeles Area, which has been determined to be 3.8% for 2022. Find more information on the COLA webpage today.