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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
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History. The association was formed in 1985 as the California State University Emeritus and Retired Faculty Association (CSU-ERFA) in response to threats and attempts to reduce or eliminate CSU retirees rights, privileges and benefits and to support the activities of retired faculty as continuing members of the academic community.
calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [3] [4] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [5 ...
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The measure was passed by the voters. CCCERA began functioning on July 1, 1945. As of 2008, 20 of California's 58 counties have retirement systems that follow the stipulations of the ’37 Act. The service retirement, disability, death and survivor benefits provided by CCCERA are administered by a 12 member Board of Retirement.
The California State Teachers' Retirement System (CalSTRS) provides retirement, disability and survivor benefits for California's 965,000 prekindergarten through community college educators and their families. CalSTRS was established by law in 1913 and is part of the State of California's Government Operations Agency.