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Notice of LACERA Election

LACERA general members interested in becoming a candidate may obtain a nomination packet from the Registrar-Recorder/County Clerk (RRCC), 12400 Imperial Highway, Norwalk, CA 90650, beginning Monday, April 16, 2018. To be a candidate, you must get the signatures of 50 active LACERA general members who were general members as of March 1, 2018. The RRCC must receive signed nominating petitions by 5 p.m. on May 15, 2018.

Official ballots will be mailed beginning on June 18, 2018. Those who do not receive a ballot by June 29, 2018, or who wish to correct a mistake on their original ballot, may request a duplicate by notifying their Departmental Election Coordinator before July 5, 2018.

Copies of the election procedures are available from the RRCC at the Imperial Highway address above; the Executive Office of the Board of Supervisors, B1 Kenneth Hahn Hall of Administration, 500 West Temple Street, Los Angeles, CA 90012; and at the Executive Office of the Board of Supervisors’ Election Information website link below.

Ballots must be received by the Registrar-Recorder/County Clerk by 5 p.m. on July 24, 2018, to be eligible for counting.

For more information, call 213-974-1093 or visit bos.lacounty.gov/Services/ConflictofInterestLobbyist/LACERAElection

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LACERA Remembers Richard Wirth

We are sad to share the news that former Board of Retirement member Richard Wirth passed away unexpectedly on March 22. Mr. Wirth was first appointed to the Board by former L.A. County Supervisor Michael Antonovich in the summer of 2001 and served through December 2006.

Mr. Wirth earned his bachelor’s degree at Northern Illinois University, followed by graduate work at Southern Illinois University and Interamericana University in Saltillo, Mexico. He also studied law at Santa Clara University.

Mr. Wirth began his career as an Assistant City Manager in Joliet, Illinois, before moving to California. In 1973, he became the Director of Government Affairs for the Building Industry Association of Southern California (BIASC), later serving as Executive Director of the BIASC’s Government Council until 1994. Concurrently, in 1985 he founded Wirth & Associates, a governmental relations firm, and served on numerous boards and commissions throughout his career. These included being the first Chair and Chief Executive Officer of the Los Angeles County Housing Development Corporation; helping found the Public Inebriate Program of Los Angeles and serving as Chair for five years; serving on the Board of Directors of Moss Beach Homes, a major provider of private foster care throughout California; and serving on the Board of Directors of the Mexican-American Opportunity Foundation, where he was honored as the Man of the Year for his efforts in establishing day care centers. Mr. Wirth’s commitment to helping young people extends past his life; in lieu of flowers for his services, his family asked that donations be made to his favorite charity, Aspiranet, benefiting underprivileged children and youth.

Change in Agenda Postings for BOI Meetings

Consistent with the existing Board of Retirement procedure, materials for the Board of Investments and BOI committee meetings are now posted with the agendas at least 72 hours in advance of each meeting. This change was made to increase the transparency of Board of Investments and BOI committee meetings by making the meeting materials readily available online to LACERA’s members and the public.

3-5-18 Agendas: BOI, Fixed Income/Hedge Funds/Commodities, and Portfolio Risk

For additional board and committee agendas, visit the Archived Agenda Packages page.

Retirees Beware of Phone Calls from Scammers

Some pension systems in California have reported that scammers have been making phone calls to their members saying they owe money to the fund. Recently, LACERA received one report of a LACERA member being targeted in this manner. These scammers employ fear tactics, telling retirees they must send money through prepaid credit cards in order to receive their pension. LACERA would like you to be aware just in case you receive a similar call.

Should this happen to you, rest assured: Even if a caller claims to be from LACERA and the caller ID appears authentic, you can be confident it’s fraudulent because LACERA will never call to ask you for money. In the case of a legitimate overpayment (or underpayment), we will mail you a letter with details pertaining to your specific situation. Please call us at 800-786-6464 if you receive any suspicious communication.

4/13/18

LACERA CEO Announces Retirement
September 14, 2017

9/15/17