Retiree July 2021 Paycheck Flyer

Each year the LACERS Board of Administration determines a Cost of Living Adjustment (COLA) for eligible LACERS Retired Members and Beneficiaries. The COLA is a reflection of the Consumer Price Index (CPI) for the Los Angeles Area, which has been determined to be 1.6% for 2021.

All Tier 1 and Tier 1 Enhanced Members who retired after June 30, 2020, will receive a COLA of 1/12th of the 1.6% for each full month of retirement completed by June 30, 2021. Similarly, all Tier 3 Members who retired after June 30, 2020, will receive a COLA of 1/12th of the 1.6% for each full month completed by June 30, 2021.

The COLA will be included in all eligible Retired Members’ and Beneficiaries’ July 31, 2021, check or direct deposit. For more information on the LACERS COLA and to view a chart of what your COLA will be based on for your Membership Tier, potential COLA bank, and retirement date, please visit lacers.org/cost-living-adjustments-cola.

Join LACERS Well at these Upcoming August Virtual Events

Register for the events listed below through your MyLACERS account at mylacers.lacers.org. For a full list of LACERS Well events, including the Virtual Book Club and Movie Review Club led by our LACERS Well Champions, please visit lacers.org/lacers-well-events. If you require assistance, send an email to lacerswell@lacers.org.

Keep Cool this Summer – Find Your Local Cooling Center

Need to cool down? Cooling centers are free, indoor air-conditioned locations where you can keep cool when there are extreme heat weather conditions. There are several locations across Southern California for residents to utilize. When and if you plan to visit one of these cooling centers, it is advisable that you call in advance to make sure there is still seating available and be aware that social distancing practices should be observed.

You can always check the map at ready.lacounty.gov/heat to locate the nearest cooling center within Los Angeles County, or by dialing 211 for Los Angeles County or 311 for City of Los Angeles for assistance.