LACERS

The Los Angeles City Employees’ Retirement System (“LACERS”) is a department of the City of Los Angeles, established by City Charter in 1937, to provide retirement benefits to the civilian employees of the City of Los Angeles, representing three-fifths of the City’s workforce. The remaining two-fifths of the City’s workforce have retirement benefits through the Department of Water and Power Employees Retirement System, or the Los Angeles Fire and Police Pension. Currently LACERS provides services to 24,000 active employees, and provides benefits to nearly 17,500 retirees and their beneficiaries. LACERS administers the benefits approved by the City (the “plan sponsor”) which includes pension benefits, administration of retiree health care premiums, and management of the pension fund portfolio to offset payment of these obligations.Service to our members is first and foremost, not only because we are bound by our fiduciary duty*, but also because every Board member and staff at LACERS is committed to our mission to establish a trustworthy lifelong relationship with our members. We will develop this trust with our members through the reliable and efficient delivery of benefits and ensure that your benefits are funded by the prudent investment of plan assets.