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DEFERRED
RETIREMENT - Plan A, B, C, D
If
you are a vested
member
(five years of County retirement service credit), and terminate employment
prior to meeting the minimum age or County service credit requirements
for retirement, you will be placed on deferred retirement status.
This means that your
retirement contributions will remain on deposit and continue to earn interest
until you retire.
You may apply to receive your deferred retirement allowance when you
reach age 50 and reach the date on which you would have had ten years
of County service credit had you remained a County employee. Reciprocal
agency service credit can be used to meet the minimum County service requirement.
You may elect
to withdraw your deferred contributions and interest at any time by notifying
LACERA in writing, but by doing so, you
will forfeit all rights to future retirement benefits from LACERA.
IMPORTANT
- Please
keep LACERA informed of address changes while you are on deferred status.
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