News

Behind every retirement check, every investment decision, and every healthcare benefit LACERA delivers are the Board of Retirement (BOR) and Board of investments (BOI), working in partnership with LACERA staff to serve nearly 200,000 members—like you!

The Board of Retirement (BOR)

The BOR is your go-to team for all things retirement and healthcare. They oversee the pension system and retirement healthcare benefits, making sure everything is in place when it’s time for you to retire. Each trustee commits 120 to 140 hours a month to their responsibilities, which include:

• Running and attending Board and Committee meetings
• Hiring and Reviewing the CEO
• Approving and overseeing the budget
• Ensuring your benefits are available for every LACERA retiree

The Board of Investments (BOI)

While the BOR keeps the system running, the BOI’s responsibility is to make sure the money is working as hard as our members do. They oversee LACERA’s investment strategy and help set contribution rates for both members and the County. The BOI also oversees investments for retiree healthcare benefits (OPEB). On average, each trustee dedicates 60 to 120 hours a month to their duties, including:

• Tracking and managing investment performance
• Making decisions that grow the pension fund
• Attending meetings to stay on top of market trends and members needs

While on the subject of LACERA's Boards, a reminder that Board Elections will be held this summer. With the BOR overseeing your pension and retiree healthcare, and the BOI managing the funds that support those benefits, these elections directly impact the long-term security of your retirement. We will share more details regarding the elections, including how members can cast their vote, in our June newsletter. Stay tuned!

Want to Know More?

There’s a lot that goes into keeping your LACEFRA members’ retirement secure. For a complete overview of what each board does, check out the 2025 BOR Powers and Duties and BOI Powers and Duties documents.