LAIF COVID-19 Update
Greetings LAIF Participants:
In light of the corona virus (COVID-19) and the unknowns that come with the current environment, LAIF would like to reassure you that we intend to remain fully operational and if warranted, process transactions remotely. Work done by the State Treasurer’s Office has been identified as an essential state function and are exempt from “shelter in place” requirements. Your money will continue to be safe in LAIF and available to you as needed. We understand that given the changing circumstances, you may need greater access to your funds; however, please remember that we do request 24 hours’ notice for withdrawal transactions that exceed $10 million.
In addition, our investment team continues to be in the market daily focusing on our objectives of safety, liquidity and yield. Together, with our large broker dealer community and financial institutions, we continue to invest in high-quality credit worthy securities and successfully meet the states cash flow needs.
Because situations may warrant some of our staff to work remotely, answering your calls may take longer. Therefore, we encourage all LAIF participants to sign-up for LAIF Online. Instructions for LAIF Online registration are below:
LAIF Participants may begin the process for LAIF Online registration by emailing LAIFuserID@treasurer.ca.gov and requesting their unique Authorized User ID. Once you have your Authorized User ID, you may register here and immediately begin using LAIF Online. If you would like more information or to have LAIF staff walk you through the process, please contact us at (916) 653-3001.
We continue to monitor the situation and will update you accordingly. If you have any questions or concerns, please do not hesitate to give us a call.