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LACERA - Benefits Home > Active Member > Social Security |
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SOCIAL SECURITY |
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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)
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Retirement
Allowance Reduction Amounts For Members In Plans A, B, C, &
D Covered By Social Security
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Age
at Retirement
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Reduction
per YOS*
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Plan
A
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Plan
B
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Plan
C
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Plan
D
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50
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$1.72
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$1.45
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$1.38
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$4.14
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51
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1.83
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1.53
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1.45
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4.35
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52
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1.94
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1.62
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1.52
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4.56
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53
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2.03
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1.72
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1.59
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4.77
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54
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2.15
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1.83
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1.66
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4.99
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55
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2.27
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1.94
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1.74
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5.22
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56
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2.40
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2.03
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1.82
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5.47
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57
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2.55
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2.15
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1.91
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5.74
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58
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2.65
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2.27
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2.01
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6.04
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59
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2.75
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2.40
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2.12
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6.36
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60
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2.85
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2.55
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2.24
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6.71
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61
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2.95
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2.65
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2.32
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6.97
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62
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3.05
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2.75
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2.44
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7.32
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63
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3.05
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2.85
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2.56
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7.69
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64
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3.05
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2.95
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2.70
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8.09
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65+
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3.05
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3.05
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2.84
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8.51
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*Note:
"YOS" means Years Of Service covered by Social Security as a County
employee.
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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.
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(9-17-02)
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