LACERA administers pension and other benefits for substantially all employees of Los Angeles County and four separate agencies: Little Lake Cemetery District, Local Agency Formation Commission, the county Office of Education, and South Coast Air Quality Management District.
Los Angeles County Employees Retirement Association Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| LA County ERS |
73,851.9 |
190,327 |
| Other Plans |
0 |
0 |
| Total |
73,851.9 |
190,327 |
Source: Public Plans Database (as of 2023)
Note: Los Angeles County Employees Retirement Association has 0 other plans.
Assets
Assets at Year-End
Los Angeles County Employees Retirement Association
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
28.4 |
| 2002 |
26.0 |
| 2003 |
26.2 |
| 2004 |
29.5 |
| 2005 |
32.0 |
| 2006 |
35.2 |
| 2007 |
40.9 |
| 2008 |
38.7 |
| 2009 |
30.5 |
| 2010 |
33.4 |
| 2011 |
39.5 |
| 2012 |
38.3 |
| 2013 |
41.8 |
| 2014 |
47.7 |
| 2015 |
48.8 |
| 2016 |
47.8 |
| 2017 |
52.7 |
| 2018 |
56.3 |
| 2019 |
58.3 |
| 2020 |
58.5 |
| 2021 |
73.0 |
| 2022 |
70.3 |
| 2023 |
73.9 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Los Angeles County Employees Retirement Association |
US State and Local Pensions |
| 2001 |
1.9 |
2.4 |
| 2002 |
1.9 |
2.3 |
| 2003 |
1.9 |
2.2 |
| 2004 |
1.8 |
2.1 |
| 2005 |
1.7 |
2.1 |
| 2006 |
1.7 |
2.0 |
| 2007 |
1.8 |
2.0 |
| 2008 |
1.8 |
1.9 |
| 2009 |
1.8 |
1.9 |
| 2010 |
1.7 |
1.8 |
| 2011 |
1.7 |
1.7 |
| 2012 |
1.6 |
1.6 |
| 2013 |
1.6 |
1.5 |
| 2014 |
1.6 |
1.4 |
| 2015 |
1.5 |
1.4 |
| 2016 |
1.5 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.5 |
1.3 |
| 2019 |
1.5 |
1.3 |
| 2020 |
1.5 |
1.3 |
| 2021 |
1.4 |
1.2 |
| 2022 |
1.3 |
1.2 |
| 2023 |
1.3 |
1.2 |
2023 Membership for Los Angeles County Employees Retirement Association
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 96,905 |
73,008 |
20,414 |
190,327 |
9 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Los Angeles County Employees Retirement Association
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-832.5 |
28,353.3 |
| 2002 |
-772.5 |
26,047.2 |
| 2003 |
-875.6 |
26,247.8 |
| 2004 |
-887.7 |
29,481.2 |
| 2005 |
-854.5 |
32,026.1 |
| 2006 |
-936.8 |
35,185.6 |
| 2007 |
-737.1 |
40,908.1 |
| 2008 |
-759.1 |
38,724.7 |
| 2009 |
-819.1 |
30,499.0 |
| 2010 |
-906.4 |
33,433.9 |
| 2011 |
-912.8 |
39,452.0 |
| 2012 |
-855.3 |
38,306.8 |
| 2013 |
-1,192.6 |
41,773.5 |
| 2014 |
-961.9 |
47,722.3 |
| 2015 |
-895.0 |
48,818.4 |
| 2016 |
-1,055.0 |
47,846.7 |
| 2017 |
-1,238.7 |
52,743.7 |
| 2018 |
-1,165.9 |
56,300.0 |
| 2019 |
-1,186.8 |
58,294.8 |
| 2020 |
-1,232.7 |
58,510.4 |
| 2021 |
-1,131.2 |
73,012.0 |
| 2022 |
-1,186.4 |
70,289.6 |
| 2023 |
-1,299.0 |
73,851.9 |
2023 Cash Flows for Los Angeles County Employees Retirement Association (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 3,095.0 |
4,394.0 |
4,861.3 |
3,562.3 |
Cash Flow as a Percentage of Assets
Los Angeles County Employees Retirement Association
2001-2023
| Fiscal Year |
Los Angeles County Employees Retirement Association |
National Average |
| 2001 |
-2.9 |
-2.1 |
| 2002 |
-3.0 |
-2.0 |
| 2003 |
-3.3 |
-2.5 |
| 2004 |
-3.0 |
-2.0 |
| 2005 |
-2.7 |
-2.2 |
| 2006 |
-2.7 |
-2.2 |
| 2007 |
-1.8 |
-2.1 |
| 2008 |
-2.0 |
-2.3 |
| 2009 |
-2.7 |
-3.1 |
| 2010 |
-2.7 |
-3.2 |
| 2011 |
-2.3 |
-3.1 |
| 2012 |
-2.2 |
-3.3 |
| 2013 |
-2.9 |
-3.1 |
| 2014 |
-2.0 |
-2.9 |
| 2015 |
-1.8 |
-2.8 |
| 2016 |
-2.2 |
-3.0 |
| 2017 |
-2.3 |
-2.9 |
| 2018 |
-2.1 |
-2.6 |
| 2019 |
-2.0 |
-2.6 |
| 2020 |
-2.1 |
-2.4 |
| 2021 |
-1.5 |
-2.1 |
| 2022 |
-1.7 |
-2.1 |
| 2023 |
-1.8 |
-2.1 |
