Announcements

On February 20, 2025, LACERA emailed members about the passage of the Social Security Fairness Act, which repealed the Windfall Elimination Provision (WEP), and Government Pension Offset (GPO) effective January 2024.

We are pleased to announce the LACERA Board of Retirement has approved the maximum allowed COLA increase for all plans for 2025.

LACERA is assisting the L.A. County Assessor’s Office in reaching out to all retired LACERA members who have worked for the Assessor in the past in any capacity to assist with disaster relief and recovery efforts.

As the devastating wildfires continue to affect our community, we remain acutely aware of the challenges faced by our members, staff, and the entire Los Angeles region.

Our hearts go out to everyone affected by the wildfires in Southern California.

On January 5, 2025, President Biden signed the Social Security Fairness Act into law, legislation that will repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).

Due to the current wildfires and state of emergency, LACERA’s Pasadena physical offices are closed for the week.

In a historic vote in the early morning hours of December 21, 2024, the U.S. Senate passed the Social Security Fairness Act (H.R. 82).

As the year comes to a close, we’re reminded of what matters most: the people we serve.

LACERA is proud to share the 2024 Annual Comprehensive Financial Report (ACFR) and 2024 Popular Annual Financial Report (PAFR).