Los Angeles County Employees Retirement Association Board Of Retirement Regular Meeting
The Board meeting focused on various agenda items including public comments, an executive update, and disability retirement applications on consent. Key non-consent items included a discussion on the 2027 STAR COLA program eligibility and costs, salary placement for the Chief Ethics and Compliance Officer, and an application for reinstatement to active membership. Several reports were presented, such as process improvements for retiree healthcare, legal transaction reports, and disability retirement pilot program updates. Additionally, disability retirement cases were reviewed and decided in a closed session, and an executive session was held for public employee appointment and anticipated litigation matters.
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Audit, Compliance, Risk, and Ethics (ACRE) Committee and Board of Retirement and Board of Investments Regular Meeting
The meeting included the review and approval of the Internal Audit Fiscal Year Ended 2026-2027 Proposed Audit Plan and the discussion of salary placement for the Chief Ethics and Compliance Officer. Additionally, the committee discussed the extension of the ACRE Committee Consultant Agreement and considered the recommendation for the appointment of an external quality assessment vendor. Reports were provided on the Ethics and Compliance Program foundational work plan status, internal audit performance, and various follow-up reports regarding operational and IT audit recommendations.
Jul 1, 2026·Board meeting
Los Angeles County Employees Retirement Association Regular Meeting
The board meeting focused on an operations briefing covering several ongoing initiatives including boardroom relocation, COLA retroactive corrections, AI integration, and various software implementations. A quarterly update on the 2023-2028 Strategic Plan was presented, highlighting progress across goals such as member experience, innovation, and fiscal durability. Additionally, the Board discussed the ongoing development of the AI Governance Framework, with a finalized policy anticipated for future consideration.
Jul 1, 2026·Proposed budget
Los Angeles County Employees Retirement Association (LACERA) FY2026-27 Proposed Budget
The Los Angeles County Employees Retirement Association's proposed Administrative, Retiree Healthcare Benefits, and OPEB Trust budgets for fiscal year 2026-2027, a pre-adoption draft for Board consideration.
