Los Angeles County Employees Retirement Association (LACERA)

LACERA is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts. We are the largest county retirement system in the United States. LACERA administers defined retirement plan benefits for the employees of Los Angeles County and outside districts. Since 1971, LACERA has also administered the Retiree Healthcare Benefits Program. LACERA is further responsible for managing the pension plan and Other Post-Employment Benefits trusts that fund these programs. In 1937, Los Angeles County established a pension trust fund to provide defined retirement and death benefits to eligible County employees. In 1938, LACERA was introduced to administer it, and the Board of Retirement was established to oversee the organization. In the decades since, LACERA has dedicated itself to serving the needs of its growing membership and strategically managing the now multibillion dollar fund.

As the fund's value grew over the decades, diversification became more important, and the Board of Investments was established in 1971 to spearhead LACERA’s increasingly sophisticated strategies and achieve its long-term funding goals.