The following are sections of the Plan Book that have been updated:
- Returning to Active LACERA Membership (6-29-09)
Introduction
Welcome to LACERA Retirement Plan E. Plan E is a defined benefit plan that provides a wide range of retirement and survivor benefits.
This section is designed to help you understand the details of Plan E. The Plan includes a broad scope of provisions and components. It offers a full menu of Retirement Options along with opportunities to enhance certain benefits through reciprocity and/or the purchase of Additional Retirement Credit.
About LACERA
The Los Angeles County Employees Retirement Association (LACERA) has the duty and authority to administer defined retirement plan benefits for the employees of Los Angeles County and outside districts, which include the Little Lake Cemetery District, Local Agency Formation Commission, South Coast Air Quality Management District, and Los Angeles County Office of Education.* We are responsible for collecting, depositing, investing, and managing the retirement funds contributed by the County, outside districts, and County employees.
Established under the authority of the County Employees Retirement Law of 1937, LACERA has been providing retirement, disability, and death benefits to eligible County employees, retirees, and their beneficiaries since 1938. In 1971, we began administering a retiree health care benefits program.
LACERA is an independent governmental entity, subject to the laws governing fiduciaries. Our staff operates under the direction of a nine-member Board of Retirement (with two alternate members), and a nine-member Board of Investments. We monitor laws and develop rules and policies in support of the best interests of our members, and offer individual counseling and retirement seminars to members in preparation for their retirement.
Our mission is to Produce, Protect, and Provide the Promised Benefits.
The Los Angeles County Employees Retirement Association (LACERA) is governed by the County Employees Retirement Law of 1937; LACERA retirement benefits are administered in accordance with this law. If there is any conflict between statements made herein, and provisions of the retirement law, the law will prevail.
For additional information, call LACERA at: 626-564-6132 or 1-800-786-6464, or visit our public counter at 300 N. Lake Avenue, Suite 130, Pasadena, CA 91101-4199.
*Employees of South Coast Air Quality Management District hired after December 31, 1979 and employees of Los Angeles County Office of Education hired after July 1971 become members of retirement systems other than LACERA.
6/16/09