Los Angeles County Employees Retirement Association – LACERA, administers and manages the retirement fund for the County of Los Angeles. It is the largest county retirement system in the United States, with approximately $52 billion in assets, serving 156,000 members and more than 54,000 benefit recipients. Its membership is comprised of individuals from a diverse range of careers, age groups, and ethnicities – all contributing to the greater welfare of Los Angeles County. LACERA is an independent governmental entity, separate and distinct from the County of Los Angeles. Its fiduciary responsibility is to promote, enhance, and efficiently administer a financially sound retirement and health care benefits program through prudent investment and conservation of plan assets. LACERA'S Mission Produce, Protect and Provide the Promised Benefits LACERA's Values Professionalism, Respect, Open Communication, Fairness, Integrity & Teamwork LACERA is governed by two (2) Boards: Board of Investments (BOI) – This Board is responsible for establishing LACERA's investment policy and objectives as well as exercising authority over the investment management of the fund. Diversified investments include Stocks/ Equities, Fixed Income/Bonds, Real Estate and Alternative Assets. Board of Retirement (BOR) – This Board is responsible for the overall management of the retirement system. Under the policy guidance of the Board of Retirement and the direction of the Chief Executive Officer, LACERA strives to create innovative ways to streamline and expedite retirement processes, integrate new technologies, and introduce new member services options and upgrades.