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Child Care Declaration Statement - LACERS - lacers

Child Care Declaration Statement - LACERS - lacers 2025

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The document outlines the Child Care Policy Program of the City of Los Angeles, which encourages vendors to adopt stated child care policies and provide assistance to employees. It includes a declaration statement for businesses to report their child care policies and assistance offerings, emphasizing the importance of quality, affordable child care for employees and families. The policy aims to address the growing demand for child care services in Los Angeles and provides definitions and examples of various forms of child care assistance that vendors can offer.

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Your retirement benefit is determined by your Final Compensation, your Service Credit, LACERS Retirement Factor of 2.16% and, if you take an Early Retirement, a Reduction Factor.

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The 7 percent rule is a key concept in retirement planning that suggests you can withdraw 7 percent of your retirement savings annually without running out of funds. This guideline helps manage your withdrawals systematically, maintaining financial stability throughout retirement.

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