LACERA

LACERA is a public retirement plan created and operating under the County Employees Retirement Law of 1937 (CERL) and is subject to the California Constitution, CERL, and the Public Employees' Pensions Reform Act of 2013 (PEPRA). LACERA is governed by two boards. Both boards are composed of elected and appointed members and one ex-officio member. The Board of Retirement is responsible for the overall management of the retirement system and the LACERA-administered Retiree Healthcare Benefits Program. The Board of Investments is responsible for establishing LACERA's investment policies, strategies, and objectives, as well as exercising authority and control over the investment management of the fund and actuarial matters relating to setting of contributions and estimation of fund liabilities.