Los Angeles County Employees' Retirement Association

The Los Angeles County Employees' Retirement Association (LACERA), established in 1938, is the largest county retirement system in the United States, serving over 156,000 members. Located in Pasadena, California, LACERA manages retirement funds for Los Angeles County employees as well as for outside agencies and districts, providing essential benefits such as retirement, disability, and death benefits to eligible employees, retirees, and their beneficiaries. The Board of Retirement oversees the administration of the system, including the retiree healthcare program and the evaluation of disability retirement applications. LACERA’s investment portfolio is diversified across various asset classes, including global equity, private equity, real estate, and fixed income, ensuring a robust approach to fund management. The executive team is responsible for the management of the fund's assets, ensuring the long-term sustainability of the retirement benefits provided to its members.