DEFERRED MEMBERSHIP
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.
DEFERRED RETIREMENT — PLAN E
If you are a vested member (ten years of County service retirement credit), and terminate employment, you may apply for your retirement allowance when you reach age 55.
5/17/10