WORDS TO WORK BY
LACERA´s annual financial report the CAFR, Comprehensive Annual Financial Report is sent to all our members in a condensed version, the PAFR, Popular Annual Financial Report. The annual report is separated into five sections; introductory, financial, investment, actuarial and statistical. The current reports refer to LACERA´s fiscal year ending June 30, 2009.
LACERA’s mission is to produce, protect, and provide the promised benefits to our members. Our approach is proactive, with a focus on the development of innovative strategies to enhance the efficacy of our work processes and the quality of our services. These efforts encompass the latest advances in technology, along with the creative, scholarly, and practical contributions made by the Boards, the management, and the employees of LACERA.
LACERA’s vision for the future also includes the long-term objectives of maximizing investment assets and achieving a fully funded status for the pension fund. By balancing the importance of preserving capital with prudent investment risks, the diversification of our portfolio reflects a deep commitment to serving the best interests of LACERA’s members and beneficiaries.
