Company Profile

Company Description:

AT LACERA, WE ACHIEVE
We go beyond what's required and aspire to be a world-class organization. We create and put into practice goals to strengthen our customer service efforts, stay current with technology and best business practices, and improve accuracy and efficiency. We also like to innovate.
We challenge our ideas, work hard and smart, are budget- and security-minded, and through our collaborative strengths, we achieve success.
We are dedicated to our members. We help them maximize their retirement, and we produce, protect, and provide their promised benefits.
As an organization, we have the drive and know-how to achieve.
WHAT WE DO
LACERA administers and manages the retirement fund for the County of Los Angeles (County). We are the largest county retirement system in the U.S., serving more than 158,000 members. Our membership is comprised of individuals from a diverse range of careers, age groups, and ethnicities — all contributing to the greater welfare of Los Angeles County.We are an independent governmental entity, separate and distinct from the County. Our fiduciary responsibility is to promote, enhance, and efficiently administer a financially sound retirement and health care benefits program through prudent investment and conservation of plan assets.
LACERA has been providing retirement, disability, and death benefits to eligible County employees, retirees, and their beneficiaries since 1938. In 1971, we began administering a retiree health care benefits program.
Maintaining Fiscal Responsibility
The Board of Investments establishes LACERA's investment policies and objectives, defines the duties of the Board, investment staff, investment managers, master custodian, and consultants. Our diversified investments include Stocks/Equities, Fixed Income/Bonds, Real Estate, and Alternative Assets which are featured throughout our annual report for the fiscal year ended June 30, 2008.
A Forward-Thinking Association
The Board of Retirement is responsible for the overall management and direction of the retirement association. In order to produce, protect, and provide the promised benefits, LACERA strives to create innovative ways to streamline and expedite retirement processes, integrate new technologies, and introduce new member service options and upgrades.