News

With Board Elections coming in August, it’s a great time to learn more about how LACERA’s Boards operate. LACERA’s two boards, Board of Retirement (BOR) and Board of Investments (BOI), are responsible for overseeing the administration of retirement benefits, managing retiree healthcare, and ensuring the long-term health of the pension fund. The individuals you elect play a critical role in protecting your future. 

To support their oversight responsibilities, the BOR and BOI each rely on specialized committees. These committees focus on key areas—from operations and governance to investment strategy—ensuring that every decision supports the long-term security of our members. Here’s a quick look at the committees that help drive our mission forward: 

BOI Committees

Corporate Governance Committee 

Oversees and monitors LACERA’s policies and overall plan of execution in corporate governance and stewardship activities 

Equity: Public/Private Committee 

Oversees and manages investments in public and private equity markets, evaluating strategies, performance, and opportunities to ensure LACERA's portfolio is diversified and optimized for long-term growth. 

Credit and Risk Mitigation Committee 

Examines investment issues in two of LACERA’s four asset categories. It reviews and evaluates strategies to mitigate credit risk and maintain the portfolio's stability and performance. 

Real Assets Committee 

Responsible for investments in real assets like properties and infrastructure. It evaluates strategies, performance, and opportunities to ensure LACERA's portfolio is diversified and optimized for long-term growth. 

BOR Committees 

Insurance, Benefits, and Legislative Committee 

The IBL committee collects and reviews research information on employment-based retiree health coverage.  

Operations Oversight Committee 

Advises the Board of Retirement on developing, implementing, and reviewing LACERA's operating policies and procedures. 

Joint Committees 

Joint Audit, Compliance, Risk, and Ethics Committee 

Focuses on matters relating to finance, investments, and operations, and oversees LACERA’s governance activities, including risk management practices and related internal controls. 

Joint Organizational Governance Committee 

Serves and facilitates the work of both boards where their duties intersect and to improve their combined oversight.  

For more information on the committees, their members, and their responsibilities, visit the Board of Investments Committees and Board of Retirement Committees pages.