Articles : City Retirement & ERIP

LACERS Approved into the Federal ERRP

LACERS announced on August 31, 2010 that it was accepted into the Federal Early Retiree Reinsurance Program.  This is a provision in the new health care legislation to assist anyone retiring before they are eligible for Medicare.

Pension News for August

Pensions for public employees are in the news this week.  An analysis of California retirees says public pensions are modest; pension funds, including LACERS, are increasing in value; and one misguided newspaper calls for elimination of public pensions.

Los Angeles Times: ERIP News and SEIU Defeat

"L.A. city retirements threaten a deep and lasting legacy" and "Upstart union wins a plurality in Sonoma County hospital vote" are the titles of two union-related articles that are well worth your time.

OF COURSE MANAGEMENT IS HAPPY

SEIU/COCU MEMBERS ARE OUTRAGED AT THE BETRAYAL FROM THEIR LEADERS!

Ron Kaye Blasts City Council, Applauds Choi and Aquino

"Sally Choi stood up to them. And Bob Aquino of the Engineers union."

EAA Legal Counsel Letter to CAO, City Attorney, LACERS

RE: ERIP and LACERS contribution rate. In a letter dated July 31, 2009 from our legal counsel in this regard to the CAO, EAA's legal position regarding these issues is clearly stated.

ERIP VERSION 3 EXPLAINED IN PLAIN LANGUAGE

While many of the provisions are easily understood, some of them have implications well beyond the obvious.  We are providing further explanation of these items to assist you in making up your own mind.