New Member Guide - Let's Compare

Things to Consider

Let's Compare

Plan Information

Returning Employees

Reciprocity

Deadline to Decide

How to Proceed

LACERA—Your Companion

PLAN D OR E? — PLAN CHARTS

As a new member, you are introduced to a lot of new terms and ideas. It will be helpful to you to review the charts that cover Member Contribution Rates and Final Retirement Compensation.

Service Credit - Earning & Purchasing

Earning Service Credit
Plan D: Members earn service credit for each payroll period they have earnings and make a contribution.

Plan E: Members earn service credit for each payroll period of uninterrupted employment, or by satisfying one of the following requirements:

Covered under a disability plan sponsored by the County
Exhausting a six-month waiting period for payment of Long-Term Disability Benefits
Receiving Long-Term Disability payments under the County's LTD and Survivor Benefit Plan

Purchasing Service Credit
If you were previously employed by Los Angeles County (temporary, part-time, seasonal, or intermittent), the U.S. government (including military service), or by a public agency in the State of California, you may be eligible to purchase LACERA service credit for that period of employment. To be eligible for this option, you must:

Elect Plan D
Contact LACERA to determine the cost of your service credit purchase
Pay the required contributions, plus interest

ATTENTION: IF YOU ELECT PLAN E, YOU WILL NOT BE ELIGIBLE TO PURCHASE SERVICE CREDIT FOR THAT PERIOD OF EMPLOYMENT. You may transfer to Plan D at a later date and purchase previous service credit, however the cost will be higher. Former Plan E members, see the Returning Employees web page for important information.

Plan D Contribution Rates

Plan D Contribution Rates: Member contributions to Plan D are a percentage of your salary and are based on your nearest age when you become a member of LACERA. Throughout your career, regardless of how long you work, your contributions will continue to be calculated based on your age of entry. Any future rate adjustments will be applied based on your entry age.

Transferring Plans

Transferring Plans: If you choose Plan E at hire, and later decide to transfer to Plan D, you may do so either through an Open Window Plan Transfer or a Prospective Plan Transfer.

If you choose Plan D at hire, and later decide to transfer to Plan E, you may do so on a Prospective basis.

Prospective Transferees are not eligible to transfer back to their original plans for three years from their date of transfer.





	Email: Welcome@lacera.com

12/9/09