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The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District). [3]
In June 2008, after Los Angeles-area property developer LandSource filed for bankruptcy protection, CalPERS was criticized for having invested $947 million in LandSource in 2007; [120] a CalPERS spokesperson described the investment as "small" relative to CalPERS' total assets. [121]
The California Department of Human Resources (CalHR) is the California government agency responsible for human resource management of state employees, including issues related to salaries and benefits, job classifications, training, and recruitment.
The Sheriff's Department and municipal cops handle the county, but even within the city of Los Angeles there are three other law enforcement agencies in addition to the LAPD that patrol city parks ...
The board sets and enforces rules for state civil service appointments and exams, and maintains a staff of administrative law judges to resolve various human resources issues, such as whistleblower complaints, disability and medical condition discrimination complaints including reasonable accommodation denials and appeals from unfavorable human resources decisions (e.g. reprimand, salary ...
The CalPERS Board of Administration approved new restrictions Tuesday on how long retired public employees may work without giving up pension payments.
The losses follow a year of historic gains in 2021, when CalPERS earned 21.3% on its investments and public pensions. Public market investments make up 79% of CalPERS’ portfolio, the system said ...
The California CalPERS system outlawed this practice in 1993, but as of 2012 it remained legal in the 20 counties which did not participate in this public employee retirement system. [ 1 ] Pension spiking is often seen in public sector employers (who do not typically offer golden parachutes to employees the private sector does) and is an ...