CONSULTINGONGOING

Milliman Provides Actuarial Costs for STAR COLA Options

LACERA relied on consulting actuary Milliman to determine projected costs for the 2027 STAR COLA program. The agenda identified costs of $763,000 for a one-year ad-hoc benefit or $7,941,000 for a permanent lifetime benefit effective January 1, 2027.

Document date · October 1, 2026

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Scope & details

The full contract record, as filed.

Contract amount
$763,000 for one year; $7,941,000 for a permanent lifetime benefit
Contract type
CONSULTING
Contract term
One year for the ad-hoc option; permanent for the lifetime option, effective January 1, 2027
Renewal date
2027-01-01
Document type
Agenda
Source document
Los Angeles County Employees Retirement Association Agenda Board of Retirement Meeting 2026-10-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the consulting contract by Los Angeles County Employees Retirement Association?

MILLIMAN was awarded this consulting contract by Los Angeles County Employees Retirement Association, as recorded on October 1, 2026. The contract value is $763,000 for one year; $7,941,000 for a permanent lifetime benefit.

How much is the MILLIMAN contract with Los Angeles County Employees Retirement Association worth?

The MILLIMAN contract with Los Angeles County Employees Retirement Association is valued at $763,000 for one year; $7,941,000 for a permanent lifetime benefit, covering consulting work.

What type of contract is this?

This is a Consulting contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Los Angeles County Employees Retirement Association Agenda Board of Retirement Meeting 2026-10-07 (Agenda), dated October 1, 2026 from Los Angeles County Employees Retirement Association. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MILLIMAN hold?

MILLIMAN may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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