PLAN D: OVERVIEW
Plan D is a contributory plan to which both you and your employer
contribute. It is a defined benefit plan that provides
a guaranteed monthly lifetime retirement allowance provided
you meet retirement eligibility requirements. (See General
Member Contribution Rates.)
Retirement benefits
are determined by your age at retirement, length of service, and final
compensation.
The following is an
overview of Plan D features. For detailed, comprehensive information on
the features and benefits of this plan, refer to the visit the Plan Book Section.
PLAN D PROVISIONS
- Vesting with 5 years
of county service credit
- Member eligible to
receive retirement allowance
- At age 50 with 10 years service credit
- At any age with 30 years of service credit
- At age 70 regardless of years of service credit
- Final compensation
based on monthly average of any 12-month period of service
- Member can receive
up to 100 percent of final compensation as retirement allowance
- Member may purchase
Additional Retirement Credit (ARC)
- Member may purchase
service credit for eligible government service prior to LACERA membership
- Member may apply
for disability retirement
- Pre-Retirement death
benefit
- Pre-Retirement survivor
benefits
- Member eligible for
retiree health insurance subsidy
- Post-retirement survivor
benefits
- Pays up to 100
percent of member’s retirement allowance to eligible surviving
spouse, children, or domestic partner
- Eligible for retiree
cost-of-Living (COLA) increases
- Allows reinstatement
of eligible former members
PLAN D: LOS ANGELES COUNTY BENEFITS (not LACERA benefit)
- $2,000 life insurance
benefits provided by county if member dies in active service*
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