| COMPARISON OF BASIC PROVISIONS |
Plan D |
Plan E |
| Member makes cash contributions
|
Yes |
No |
| Employer makes cash contributions |
Yes |
Yes |
| Member vested |
In 5 yrs. |
In 10 yrs. |
| Member entitled to a service retirement allowance (after meeting requirements) |
In 10 yrs. |
In 10 yrs. |
| Minimum retirement age |
50 |
55 |
| Maximum percentage of final salary member can receive as retirement allowance |
100% |
80% |
| Final compensation based on monthly average of |
1 year of service |
Any 3 years of service |
| LACERA pays disability benefits if active member is disabled |
Yes |
No |
| LACERA pays death benefit if active member dies |
Yes |
No |
| Percentage of retirement allowance LACERA pays to eligible surviving spouse or domestic partner when retired member dies (up to 100% when Unmodified+Plus or Option 2 is elected) |
65% |
55% |
| May purchase credit for County service prior to membership |
Yes |
No |
| May purchase credit for non-County service prior to membership |
Yes |
No |
| Eligible for reciprocity with a reciprocal retirement system |
Yes |
Yes |
| Former members may be reinstated to prior contributory retirement plan |
Yes |
No |
| Pension Advance Option permitting coordination of payments for those entitled to Social Security benefits |
Yes |
No |
| Cost-of-living (COLA) increases after retirement |
Yes |
Yes |
| Eligible for LACERA-administered health care benefits after retirement |
Yes |
Yes |
| |
| LOS ANGELES COUNTY BENEFITS |
Plan D |
Plan E |
| County pays disability benefits if active member is disabled |
Yes |
Yes |
| County pays death benefit if active member dies |
Yes |
Yes |
| County pays death benefit when retired member dies |
No |
No |
| Life insurance benefits provided by County if member dies in active service |
$2,000 |
$10,000 |
