Los Angeles County Employees Retirement Association (LACERA)

Los Angeles County Employees Retirement Association (LACERA) is a pension fund that manages retirement benefits for employees working for Los Angeles County, including government workers, teachers, and other public service employees. It pools contributions from employees and the county over time, investing those funds to generate returns. When employees retire, LACERA provides them with periodic payments to support their financial needs. Its primary goal is to ensure members receive their promised retirement income through sound investment practices and prudent management of the retirement fund.