June 11, 2025
BLB&G Partner Anya Freedman discusses the implications of LACERA v. County of Los Angeles for public pension systems, following the firm filing an amicus curiae brief with the California Supreme Court in support of LACERA, in the article “State of ‘Pay’: What Comes Next in LACERA v. County of Los Angeles and the Stakes for Trustee Independence Over Pension Personnel Compensation” published by the NCPERS blog.
The article highlights that the litigation aims to clarify the scope of Proposition 162, which grants pension boards independent authority over personnel decisions, free from political interference—a critical aspect of fiduciary duty. Anya emphasizes that a favorable ruling for LACERA could enhance governance practices nationwide, empowering boards to attract top talent and align their internal governance with best practices upheld by institutional investors. She concludes that the case’s outcome may set significant precedents for pension plan administration and fiduciary independence.
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