SAFETY PLAN B: OVERVIEW
Safety Plan B 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 Safety Member
Contribution Rates.)
Retirement benefits
are determined by your age at retirement, length of service, and average
final compensation.
The following is an overview of Safety Plan B features. For detailed, comprehensive information
on the features and benefits of this plan, visit the Plan Book Section.
SAFETY PLAN B 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 20 years of service credit
- At age
60 — Mandatory if hired before April 1, 1997
- 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 can 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
SAFETY PLAN
B: LOS ANGELES COUNTY BENEFITS (not LACERA benefits)
- County pays disability
benefits if active member is disabled
- County pays death
benefit if active member dies
- $2,000 life insurance
benefits provided by county if member dies in active service
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