Pasadena-Based Los Angeles County Employees Association Terminates CEO

Published : Thursday, June 20, 2019 | 5:03 AM

Former Los Angeles County Employees Retirement Association (LACERA) CEO Lou Lazatin, left, and a scene inside the Association's North Lake Avenue offices in Pasadena at right.

The $57 billion Los Angeles County Employees Retirement Association (LACERA), which is headquartered in Pasadena, has terminated its own Chief Executive Officer, the organization’s chief counsel said Thursday.

Steven P. Rice said the termination of Lou Lazatin was effective June 7.

“The boards will immediately conduct a national search for a new CEO,” Rice said in a statement. “Beyond the boards’ action, it is LACERA’s policy not to comment further on personnel matters.”

On May 31, two LACERA boards placed Lazatin on administrative leave and voted to fire her at a future date, according to Rice’s statement. Rice is taking over the CEO’s duties for the meantime.

A Los Angeles Times report said this is the second organization to have fired Lazatin as CEO. In 2012, the owners of the Saint John’s Health Center in Santa Monica dismissed her in a leadership shakeup, according to the Times report.

Lazating started working with LACERA in November 2018 after the role had been vacant for over a year. She replaced interim CEO Robert Hill, who had taken on the CEO role following the retirement of Gregg Rademacher in October 2017. Lazatin had been CEO at Shriners Hospitals for Children of Southern California.

Lazatin has not made a comment about the latest LACERA action.

LACERA , which has its main office at 300 N. Lake Avenue in Pasadena, administers defined retirement plan benefits for employees of Los Angeles County and outside Districts. It has more than 165,000 including some 62,000 who are receiving benefits.

To learn more about the organization, visit www.lacera.com.

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