Retiree May 2021 Paycheck Flyer

Cost of Living Adjustment for 2021

Each year the LACERS Board of Administration determines a Cost of Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries. The COLA is a reflection of the Consumer Price Index (CPI) for the Los Angeles Area, which has been determined to be 1.6% for 2021.

The maximum COLA is set by the City of Los Angeles Administrative Code at 3.0% for Tier 1 and Tier 1 Enhanced Members, and is set at 2.0% for Tier 3 Members.

All Tier 1 and Tier 1 Enhanced Members who retired after June 30, 2020, will receive a COLA of 1/12th of the 1.6% for each full month of retirement completed by June 30, 2021. Similarly, all Tier 3 Members who retired after June 30, 2020, will receive a COLA of 1/12th of the 1.6% for each full month completed by June 30, 2021.

The COLA will be included in all eligible Retired Members’ and Beneficiaries’ July 31, 2021, check or direct deposit. For more information on the LACERS COLA and to view a chart of what your COLA will be based on for your Membership Tier, potential COLA bank, and retirement date, please visit lacers.org/cost-living-adjustments-cola.

Join LACERS Well at these Upcoming June Virtual Events

Register for the events listed below through your MyLACERS account at mylacers.lacers.org. For a full list of LACERS Well events, including the Virtual Book Club and Movie Review Club led by our LACERS Well Champions, please visit lacers.org/lacers-well-events. If you require assistance, send an email to lacerswell@lacers.org.

• Father’s Day Get-Together

  • Join your LACERS family for a virtual Father’s Day celebration with fun, socializing, games and prizes via Zoom on Thursday, June 17 at 2:00 p.m. This is a special time to honor Fathers and the men you love by inviting them to this event. We are looking forward to celebrating with lots of laughter at this virtual event.
• Aging Mastery Program (AMP)
  • Don’t miss the Aging Mastery Program (AMP) via Zoom starting Tuesday, June 1 at 10:00 a.m. LACERS will be running this 5-week, twice weekly course to help you build your own personal playbook for aging well. This fun, innovative program empowers you to take key steps to improve your well-being. You will learn about healthy eating and hydration, medication management, and other topics to help you age masterfully. Limited spots available: Sign up today!

Decoding Your Retirement Paystub

Do you have questions about the meanings of the different paystub codes on your monthly paystub? There is now a page on the LACERS website dedicated to paystub code explanations and is available as a resource to you. Visit the page at lacers.org/paystub-codes-defined to learn more.