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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.

8/9/18

LACERA CEO Announces Retirement
September 14, 2017

9/15/17