词条 | Los Angeles County Employees Retirement Association | ||||||||||||||||||||||||||||||||||||||||||||
释义 |
| agency_name = Los Angeles County Employees Retirement Association LACERA | seal = | seal_width = | seal_caption = | formed = {{start date and age|1938|1|1|paren=yes}}[1] | headquarters = 300 N. Lake Ave. Pasadena, CA | employees = | chief1_name = Lou Lazatin[2] | chief1_position = Chief Executive Officer | chief2_name = Jonathan Grabel | chief2_position = Chief Investment Officer | chief3_name = Beulah Auten | chief3_position = Chief Financial Officer | chief4_name = JJ Popowich[2] | chief4_position = Asst. Executive Officer | chief5_name = Robert Hill[2] | chief5_position = Asst. Executive Officer | child1_agency = | website = {{url|lacera.com}} | footnotes = }} The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission, Los Angeles County Office of Education, and South Coast Air Quality Management District).[3] In 2012, it managed defined benefit pension plans for 156,563 civil servants (members), including 56,752 retirees, making it the largest county retirement system in the United States.[4][5] In 2018, LACERA’s net assets were worth {{US$|55.8billion}}.[6] HistoryLACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries.[1][3] In 1971, LACERA began administering a retiree healthcare benefits program.[1] ManagementLACERA is governed by two Boards, each composed of 9 members:[1]
Day-to-day management and operation of LACERA is delegated to a Chief Executive Officer, who is appointed by both Boards.[1] Board of RetirementThe Board of Retirement (BOR) administers the retirement system, the retiree healthcare program, and the review and processing of disability retirement applications.[7] The Board of Retirement’s members are appointed as follows:[7]
The Board of Retirement meets at 9 a.m. on the first Wednesday of each month and the next Thursday of the following week.[7] Board of InvestmentsThe Board of Investments (BOI) establishes LACERA’s investment policy and objectives and exercises authority and control over the retirement fund’s investment management.[8] The Board of Investments’ members are appointed as follows:[8]
The Board of Investments meets at 9 a.m. on the second Wednesday of each month.[8] BenefitsHealth care benefitsLACERA provides health insurance plans for its retired members. LACERA covers 100% of healthcare premiums for Los Angeles County retirees who have at least 25 years of public service.[9] For members with 10 years of public service, LACERA contributes 40% of health care plan premiums, with an additional contribution of 4% for each additional year worked.[10] Retirement plansLACERA offers two tracks of retirement plans, for general members (civil servants) and for safety members (safety employees, including sheriff deputies and firefighters), further subdivided as follows:[11]
FinancesAs of June 30, 2012, LACERA’s net assets were worth {{US$|38.3 billion}}, a decrease of $1.1 billion, or 2.9%, from the prior year.[5] The latest actuarial valuation on June 30, 2011, determined that LACERA had a funded ratio of actuarial assets to the actuarial accrued liability of 80.6%.[5] For fiscal year (FY) 2011-12, LACERA's fiscal-year-to-date return on investments was 0.10%; the FY 2010-11 return was 20.40%.[14] Over the past 15 years, each LACERA pensions has been funded as follows:[1]
ReciprocityLACERA has reciprocity with the other California public retirement systems, including:[15]
LACERA also has reciprocity with other California public agencies and districts, cities, counties, school districts, superintendents of schools and others that are covered by CalPERS or have a reciprocal relationship with CalPERS.[15] See also
References1. ^1 2 3 4 5 {{cite web |url= http://www.lacera.com/about_lacera/who_we_are.html |title= Who We Are |publisher= LACERA |accessdate=September 16, 2013}} 2. ^1 2 {{cite web |url= http://www.lacera.com/about_lacera/organizational_chart.html |title= Organizational Chart |publisher=LACERA |accessdate=September 16, 2013}} 3. ^1 {{cite web |url=http://www.lacera.com/investments/Annual_Report/introduction.html |title= 2012 CAFR: Introduction|year=2012 |website= |publisher=LACERA |accessdate=16 September 2013}} 4. ^{{cite web |url= http://ceo.lacounty.gov/PDF/portal/Fact%20Sheet.pdf |title= Los Angeles County is already a model example of pension reform|work= Chief Executive Office – Office of Public Affairs |publisher=County of Los Angeles |accessdate=September 16, 2013}} 5. ^1 2 {{cite web |url= http://www.lacera.com/investments/Annual_Report/pafr-2012/docs/pafr-2012.pdf |title=2012 Annual Report |last1=Rademacher |first1= Gregg |author2=Robert R. Hill |author3=JJ Popowich |year=2012 |website= |publisher=LACERA |accessdate=16 September 2013}} 6. ^{{cite web |url=http://www.lacera.com/investments/Annual_Report/cafr-2012/docs/cafr-2012.pdf |title=2012 Comprehensive Financial Annual Report |date=3 December 2012 |website= |publisher=LACERA |accessdate=16 September 2013}} 7. ^1 2 {{cite web |url=http://www.lacera.com/about_lacera/board_retirement.html|title=Board of Retirement |website= |publisher= LACERA|accessdate=16 September 2013}} 8. ^1 2 {{cite web |url=http://www.lacera.com/about_lacera/board_investments.html |title=Board of Investments |website= |publisher= LACERA|accessdate=16 September 2013}} 9. ^{{cite news |title=County starts fund for retirees |first=Susannah |last=Rosenblatt |url=http://articles.latimes.com/print/2007/oct/17/local/me-healthcosts17 |newspaper=Los Angeles Times |date=17 October 2007 |accessdate=16 September 2013}} 10. ^{{cite web |url=http://www.lacera.com/healthcare/faqs_healthcare.html |title=FAQs - Retiree Healthcare |website= |publisher=LACERA |accessdate=16 September 2013}} 11. ^{{cite web |url= http://www.lacera.com/benefits/PlanBookSection/main.html |title=Plan Book Section |website= |publisher=LACERA |accessdate=16 September 2013}} 12. ^{{cite web |url=http://www.lacera.com/benefits/PlanBookSection/g_planbook/index.html |title=Retirement Plan G - General Member |website= |publisher=LACERA |accessdate=16 September 2013}} 13. ^{{cite web |url=http://www.lacera.com/benefits/PlanBookSection/c_planbook/index.html |title=Safety Retirement Plan C |website= |publisher=LACERA |accessdate=16 September 2013}} 14. ^{{cite web |url=http://file.lacounty.gov/bc/q3_2012/cms1_182229.pdf |title=LACERA Investment Status Report for 2011-12 |date=8 August 2012 |work=Chief Executive Office |publisher=County of Los Angeles |accessdate=16 September 2013}} 15. ^1 {{cite web |url= http://www.lacera.com/benefits/Reciprocity/reciprocal_systems.html |title=Reciprocal Systems |work= |publisher=LACERA|accessdate=16 September 2013}} 4 : Public pension funds in the United States|Government agencies established in 1938|Government of Los Angeles County, California|Organizations based in Los Angeles |
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