On Tuesday, April 14, 2015, the Board of Supervisors approved the election for Third Members of the Board of Investments and the Board of Retirement for the Los Angeles County Employees Retirement Association (LACERA) for three-year terms beginning on January 1, 2016 and expiring December 31, 2018.
To view the Board Letter, Resolutions, Powers and Duties which were adopted by the Board of Supervisors on April 14, 2015, establishing the procedures to elect the Third Members of the Board of Investments and the Board of Retirement for LACERA, please click here: Board Letter.
At the close of nominations, only one candidate was nominated for the Third Member, Board of Retirement. Accordingly, an election for the Third Member, Board of Retirement will not be held.
The election for the Third Member, Board of Investments will proceed as scheduled. The nominees for this election and their individual candidate statements are listed below.
2015 CANDIDATE STATEMENTS
Third Member, Board of Investments
1. Omar Haroon
2. Herman B. Santos
Other Related Links:
General Members Election Notice
2015 Election Coordinator List
Los Angeles County Employees Retirement Association
Email LACERA_ELECTION@bos.lacounty.gov for questions or comments regarding the LACERA Election.
State law requires that the Board of Supervisors conduct an election to fill vacant or expired seats on the Los Angeles County Employees Retirement Association (LACERA) Board of Investments and Board of Retirement. LACERA is a public entity separate from the County that was created to provide retirement, disability and death benefits to County employees.
The primary objective of the Executive Office in coordinating the LACERA board member elections is to ensure that elections are conducted in an equitable manner in accordance with established procedures, and to ensure that all eligible LACERA members have the opportunity to participate in the election process.
The Conflict of Interest/Lobbyist Division staff of the Executive Office is responsible for coordinating the elections to select LACERA board members.
LACERA is comprised of two managing boards, the Board of Investments and the Board of Retirement. For additional information you may visit LACERA Boards.
The Board of Investments has nine members. The Los Angeles County Board of Supervisors appoints five members, and four members are elected by the LACERA membership. Two of the elected members are General Members, one is a Safety Member, and one is a Retired Member.
The Board of Retirement is comprised of nine members and two alternate members. Five members are appointed by the Board of Supervisors and six are elected by the LACERA membership. The six elected members are comprised of two General Members, two Retired Members, one of whom is an Alternate Member of the board, and two Safety Members, one of whom is also an Alternate Member of the board.
General member is a person who is working at least three-quarter time as a permanent employee for the County or for an outside district, and who is earning service credit in a retirement plan.
Safety member is a permanent employee of Los Angeles County working three-quarter time or more in firefighting, forestry, lifeguarding, or law enforcement (including District Attorney Investigators).
Retired member is a former County or outside district employee who has taken either a service retirement or a disability retirement.
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