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BENEFITS


SOCIAL SECURITY

SOCIAL SECURITY — Plan A, B, C, D

The County of Los Angeles withdrew its employees from the federal Social Security program in December 1982. Your LACERA retirement allowance will be reduced by a fixed dollar amount for each year of service that was covered by Social Security while employed by the County prior to 1983.

Example: Plan A members retiring at age 60 with 10 years of Social Security coverage as a County employee would have their retirement allowance reduced by $28.50 based on the chart. (10 times $2.85 = $28.50)

Retirement Allowance Reduction Amounts For Members In
Plans A, B, C, & D Covered By Social Security
Age at
Retirement
Reduction per YOS*
Plan A Plan B Plan C Plan D
50 $1.72 $1.45 $1.38 $4.14
51 1.83 1.53 1.45 4.35
52 1.94 1.62 1.52 4.56
53 2.03 1.72 1.59 4.77
54 2.15 1.83 1.66 4.99
55 2.27 1.94 1.74 5.22
56 2.40 2.03 1.82 5.47
57 2.55 2.15 1.91 5.74
58 2.65 2.27 2.01 6.04
59 2.75 2.40 2.12 6.36
60 2.85 2.55 2.24 6.71
61 2.95 2.65 2.32 6.97
62 3.05 2.75 2.44 7.32
63 3.05 2.85 2.56 7.69
64 3.05 2.95 2.70 8.09
65+ 3.05 3.05 2.84 8.51

*Note: “YOS” means Years Of Service covered by Social Security as a County employee.

SOCIAL SECURITY - Plan E

The County of Los Angeles withdrew its employees from the federal Social Security program in December 1982.

As a member of Plan E, a percentage of your estimated Social Security benefit will be subtracted from your retirement allowance, based on the total number of years and months of County service covered by Social Security.

If you retire after age 62, you may voluntarily provide evidence of your actual Social Security benefit to LACERA within 6 months after retirement. LACERA will use the actual benefit to recompute your retirement allowance. Otherwise, LACERA will use the actuarial tables to compute your Social Security benefit offset and your retirement allowance.

5/13/10