Los Angeles County Supervisor Hilda L. Solis released the following statement after the Board of Supervisors passed her motion calling for the Auditor-Controller to conduct an audit of all of LACERA’s administrative operations costs, including training and travel, and seek a similar audit by the State’s Joint Legislative Audit Committee:

“LACERA administers the retirement plan and health benefits for over 171,000 current and former Los Angeles County employees and their families. Because LACERA’s travel expenses are charged against investment earnings, the Board of Supervisors has a vested interest in ensuring LACERA’s continued fiduciary responsibility to our workforce. By directing the Auditor-Controller to review LACERA’s processes and controls over all of their administrative operations including, but not limited to, training and travel, and by seeking a similar audit by the State’s Joint Legislative Audit Committee, we can reassure LACERA’s members that their retirement plans and health benefits are secure. This was a necessary step to safeguard the commitment the County has made to its past, current, and future employees.”