LOS ANGELES — Mayor Eric Garcetti has confirmed the appointment of Neil Guglielmo as General Manager of the Los Angeles City Employees’ Retirement System (LACERS).
The Mayor’s confirmation follows a recommendation by the LACERS Board of Administration. Guglielmo’s appointment is subject to City Council confirmation.
“Neil’s experience, integrity, and dedication to public service make him the right choice for the job as General Manager for our City’s Employment Retirement System,” said Mayor Garcetti. “He will be a fiscally responsible and innovative leader who will remain focused on safeguarding our workers’ financial interests.”
As General Manager of LACERS, Guglielmo will lead the provision of retirement benefits to the civilian employees of the City of Los Angeles, representing three-fifths of the City’s workforce. Currently, LACERS provides services to 24,000 active employees and provides benefits to nearly 17,500 retirees and their beneficiaries.
“I am honored to be selected to serve as the next General Manager for LACERS and look forward to joining the Board of Commissioners and dedicated staff in providing superior services to our members and beneficiaries while strengthening the fiscal health, performance, and transparency of the retirement plan,” said Guglielmo.
Guglielmo has worked for the City of Los Angeles for 27 years, most recently as Chief Financial Officer for the Los Angeles Department of Water and Power (LADWP). Previously, he served as the Director of Budget, Rates and Financial Planning for LADWP — managing the LADWP budget, preparing financial forecasts and the design, outreach, and implementation of water and power rates.
Prior to joining LADWP, Guglielmo worked as Division Manager for Financial Management, Division Manager for Citywide Recycling, and Chief Financial Officer at the Bureau of Sanitation. From 2011-2012, he served as Deputy Mayor and Senior Budget Adviser to Mayor Antonio Villaraigosa. Throughout his career, he has worked for a number of other City departments — including Recreation and Parks, Aging, and Housing, as well as the Office of the City Administrative Officer and the Office of Finance.