About Lacera
LACERA: The Largest County Retirement System in the United States
LACERA, short for Los Angeles County Employees Retirement Association, is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. Established in 1945, LACERA has been serving its members for over 75 years with a mission to provide secure retirement benefits and exceptional service.
As the largest county retirement system in the United States, LACERA manages over $60 billion in assets and serves more than 165,000 active and retired members. Its membership includes employees from various departments such as law enforcement agencies, fire departments, healthcare services, public works departments, and many more.
LACERA's primary responsibility is to ensure that its members receive their promised retirement benefits. To achieve this goal, LACERA invests its funds prudently to generate returns that are sufficient to pay future benefits. The investment portfolio of LACERA is diversified across various asset classes such as stocks, bonds, real estate investments trusts (REITs), private equity funds, hedge funds etc., which helps mitigate risks associated with any one particular asset class.
Apart from managing investments on behalf of its members' retirement accounts; LACERA also provides a range of services such as counseling sessions on financial planning & investment strategies; educational seminars on topics like Social Security Benefits or Medicare enrollment options; assistance with disability claims processing or survivor benefit applications etc.
One of the unique features of LACERA is its commitment to sustainability investing. In recent years it has made significant strides towards incorporating environmental social governance (ESG) factors into their investment decision-making process. This approach ensures that they invest in companies that have sustainable business practices while generating long-term value for their members' portfolios.
In addition to providing excellent service to its members; LACERA also values transparency & accountability when it comes to managing member's money. It publishes annual reports detailing all aspects related to fund performance including investment returns & expenses incurred by each asset class managed by them.
To sum up: If you are an employee working for Los Angeles County or outside districts looking forward towards your post-retirement life then you can trust Lacera without any second thought because they have been serving people like you since 1945 with utmost dedication & professionalism while ensuring your hard-earned money grows safely over time so that you can enjoy your golden years without any financial worries!