February 2025 Paycheck Flyer

Paycheck Flyer
An elderly pretty African-American woman with glasses is looking through documents, business papers. Home office, budget planning, investments, taxes.
ANNUAL NOTICE OF RIGHT TO ELECT OR REVOKE FEDERAL INCOME TAX WITHHOLDING

LACERS is required to inform you that your periodic benefit payments from LACERS may be subject to Federal Income Tax withholding unless you elect not to withhold. If your benefit becomes effective in 2025, and a completed Form W-4P is not on file with LACERS, your withholding will be calculated as if your filing status is Single with no adjustments. For benefits that began before 2025, your current withholding remains in effect unless you submit a new Form W-4P.

Federal Law allows you to change or revoke the amount withheld from your monthly payments at any time. This notice is to comply with the annual Federal notice requirement.

  1. IF YOU DO NOT WISH TO MAKE CHANGES TO YOUR CURRENT WITHHOLDING:
  • NO ACTION IS REQUIRED; AND
  • YOUR CURRENT WITHHOLDING REMAINS IN EFFECT.
  1. If you choose to make changes or revoke your current election:
  • You must submit a new Federal Withholding Form W-4P. The form is available at lacers.org/forms. You may also contact LACERS at (800) 779-8328 / RTT (888) 349-3996 and request the form be mailed to you.
  • Your completed form can be returned to LACERS via:

SECURE UPLOAD: lacers.org/secure-document-upload

MAIL:
Los Angeles City Employees Retirement System
977 N Broadway
​Los Angeles, CA 90012

FAX: (213) 473-7202 Attn: Membership Processing Unit

GREAT NEWS! THE SOCIAL SECURITY FAIRNESS ACT IS NOW IN EFFECT

On January 5th, the Social Security Fairness Act was signed into law. While this law does not affect LACERS benefits, it may result in increased Social Security benefits for some LACERS Members.

The Act repeals two federal provisions, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) which reduced Social Security payments for many public sector retirees and survivors who received pensions from a public retirement system not requiring Social Security contributions. With the repeal, these individuals will no longer face such reductions in Social Security benefits.

The Social Security Fairness Act applies to benefits payable from January 2024 onward. For more information, contact the Social Security Administration at (866) 964-0991 or visit SSA.gov.

JOIN US FOR LACERS WELL UPCOMING WEBINARS

Register for these events through your MyLACERS account or call LACERS at
(800) 779-8328. If you need assistance, email lacerswell@lacers.org.    

  • New Virtual Spanish Classes

Looking to learn a new language? LACERS is excited to announce our new Spanish classes facilitated by St. Barnabas Senior Center of Los Angeles! 

These six language classes will be held every Tuesday via Zoom, beginning  Tuesday, March 11 - April 15 at 10:00 a.m. Individuals must commit to all six classes to receive a Certificate of Completion. Space is limited! Please email us at LacersWell@lacers.org if you are interested.

  • Aging Well Discussion Group Webinar – Smart Money Management & Investments: Wednesday, March 5 at 2:30 p.m.
     
  • Anthem Blue View Vision Webinar: Thursday, March 6 at 10:00 a.m.
     
  • Fitness Made Simple – Exercise Webinar (30 Days to Get Stronger Mindset, Resilience, & Mobility): Wednesday, March 12 at 9:30 a.m.
     
  • Kaiser Well-Being Webinar – Smart Grocery Shopping & Label Reading: Thursday, March 13 at 10:00 a.m. - Register via the Kaiser link at lacers.org/retiree-event-lacers-well/kaiser-retiree-well-being-webinars.
     
  • Mom’s Computer Technology Webinar: Wednesday, March 19 at 2:00 p.m.
     
  • Anthem Benefit Webinar Series – Mental Health & Depression: Wednesday, March 26 at 10:00 a.m.
     
  • Brain Health Webinar – Memory Matters: Addressing Memory Concerns: Thursday, March 27 at 2:00 p.m.  

Join one of our webinars for the first time and inform us at the beginning to be entered into an opportunity drawing for a $25 gift card.

For a full list of LACERS Well events and LACERS Well Champion-led activities, please visit lacers.org/lacers-well-events.

Have you missed past LACERS Well events?

Visit the LACERS YouTube channel at youtube.com/@lacersofficial, and be sure to hit the subscribe button to receive alerts of newly posted videos.

 As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodations to ensure equal access to its programs, services, and activities. 

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