The Fiscal Management Division records/reports the System's financial transactions in accordance with Generally Accepted Accounting Principles; processes benefit payments; maintains member accounts; and executes fiscal control measures.
The Portfolio Management Division serves the Board by administering the investment of trust assets.
Health Benefits & Communications
The Health Benefits & Communications Division administers health benefits, and develops and disseminates Member communications. The Health Unit proactively assists retirees and surviving spouses/domestic partners with obtaining the full value of their health insurance benefits by providing member-oriented service. It ensures that both LACERS’ database and the health carriers’ databases contain updated information to avoid problems and/or delays with obtaining health services. The Member Communications Section informs and educates civilian City employees and their families about retirement and retirement-related issues using the call center and various media tools such as newsletters, brochures, guides, reports, forms, summaries, videos, seminars, and the Internet.
The Administrative Services Division is responsible for the department’s human resources function as well as other department-wide programs that advance Member satisfaction. The division also provides administrative support to LACERS’ staff.
The Systems Division provides, through automation, information and support to LACERS’ staff and its members. It provides members with quick and easy access to staff and information about their retirement status; retirement, health and dental benefits; LACERS’ programs and services; and a comprehensive web site with links to internal and external sites.