Taxes

• Charitable Giving
• Income Tax
  Under most circumstances, retirement allowances are taxable under both federal and State of California income tax laws.

Investment

• Investment Management
  The Board of Investments (BOI) is responsible for establishing LACERA’s investment policy and objectives, as well as exercising authority and control over the investment management of the pension and benefits trusts.

Accounting

• Accounting Services
  The Financial and Accounting Services Division provides sound guardianship of LACERA’s assets, funds member payroll, and organization-wide financial transactions, and ensures compliance with regulatory and statutory financial reporting mandates. Overseen by the Chief Financial Officer, its staff members work in the General Accounting, Reporting and Compliance, and Investment Accounting sections.

Planning

• Retirement Planning
  The key to a successful and financially secure retirement is to start planning years in advance. Wherever you are in your career journey, the Retirement Planning section has helpful tools for you!
• Long Term Care
  Many retired members and survivors have enrolled to have agency deductions taken out of their monthly benefits. These deductions are normally for credit unions, loan payments, savings account deductions, union or association dues, long-term care insurance, and supplemental insurance. Members and survivors may also have deductions for Retiree Healthcare benefits if their subsidy does not cover their monthly premiums.