Mayor Bass Confirms Appointment of New General Manager of the Los Angeles City Employees’ Retirement System (LACERS)

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LOS ANGELES - Mayor Bass confirmed Todd Bouey as the new General Manager of the Los Angeles City Employees' Retirement System (LACERS), following his appointment by the LACERS Board of Administration and pending confirmation by the City Council. Bringing over twenty years of experience to the role, Mr. Bouey will lead LACERS, one of the City's most vital financial institutions, holding the fiduciary responsibility for a $26 billion pension fund.

As LACERS General Manager, Mr. Bouey will continue the Mayor's strategic priorities to aid in the City's long-term stability through ensuring the financial health of the City's pension fund by making conscious, high-return investments, as well as playing a crucial role in the recruitment and retention of a high-performing City workforce.

"The LACERS General Manager is key in our work to ensure overall stability of the City by protecting the financial security of our City workforce's pensions," said Mayor Karen Bass. "I trust that Todd Bouey can build upon his work as interim General Manager, continuing LACERS' position as a trusted and accountable financial institution that is ready to meet the needs of our City workforce now and in the future."

"I am honored to have the confirmation of Mayor Bass to lead LACERS as the next General Manager," said LACERS General Manager appointee Todd Bouey. "I'm eager to continue LACERS' modernization efforts and deliver the financial security our dedicated City workforce deserves through upholding the highest standards of fiduciary responsibility and public accountability."

Since December 2024, Mr. Bouey has served as the Acting and then Interim General Manager of LACERS, previously serving as Assistant General Manager. Mr. Bouey has initiated key modernization efforts that range from digitizing services to embedding new technology in order to ensure LACERS delivers efficient, transparent, and member-focused retirement support. LACERS serves over 26,000 Active Members and more than 22,000 Retired Members and beneficiaries.