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LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
After decades of decline, only 3% of private-sector companies were still offering health care plans that supplement Medicare for eligible retirees in 2022, according to a new report from the ...