What does LACERA stand for?

In the late 1990s, the county did not make contributions to the Los Angeles County Employees Retirement Association pension fund.

The Republicans are: Robert Applegate, who has served as commissioner for the Los Angeles Superior Court for six years; Daniel Murphy, most recently an assistant Long Beach city prosecutor; Margaret Oldendorf, who served as senior staff counsel for the Los Angeles County Employees Retirement Association since 1996; and Otis Wright, who has been a partner at Wilson Elser Moskowitz Eddman & Dicker LLP since 1983.

LACERA, the Los Angeles County Employees Retirement Association, has owned the hotel since 1994.

The chief executive officer of the Los Angeles County Employees Retirement Association (LACERA) oversees its $13 billion portfolio.

The hotel is managed by Marriott International and owned by the Los Angeles County Employees Retirement Association (LACERA).

The initiative, backed by Bruce Perelman of the Los Angeles County Employees Retirement Association Board of Investment, has become a hot-button issue among some county employees who are angry about their retirement benefits and are promising to circulate the initiative.

The four funds -- the Los Angeles County Employees Retirement Association, Los Angeles City Employees Retirement System, Water and Power Employees Retirement Plan and the City of Los Angeles Department of Pensions (serving fire and police retirees) -- are all earning more than 13-percent returns on fund investments, more than 60 percent above the 8- to 8.

He currently serves on the boards of the Los Angeles County Employees Retirement Association Board of Investments, California Bankers Association, Los Angeles Universal Pre-School, Alliance for College-Ready Public Schools, Los Angeles Community Design Center, Boy Scouts of America, Community Build, Inc.