Los Angeles City Employees’ Retirement System’s funded ratio decreased to 81.6% from 84.4% as of June 30, according to the $8.1 billion system’s actuarial report.
The unfunded actuarial accrued liability increased 23.8% to $2.2 billion as of June 30 from a year earlier.
The actuarial investment rate of return is 2.26%, below the fund’s 8% assumed rate of return, according to the report from The Segal Co., the fund’s actuary.
