PLAN E
PLAN E: OVERVIEW
Plan E is a non-contributory plan; only your employer contributes
to it. You do not contribute.
It is a defined
benefit plan that provides a guaranteed monthly lifetime retirement allowance
provided you meet retirement eligibility requirements.
Retirement benefits are determined by your age at retirement, length of service, and average final compensation.
The following is an overview of Plan E features. For detailed, comprehensive information on the features and benefits of this plan, visit the Plan Book Section.
PLAN E PROVISIONS
- Vesting with 10 years of county service credit
- Vested members eligible to receive retirement allowance at age 55
- Eligible to receive retirement allowance at age 70, regardless of service credit
- Final compensation based on monthly average of any three 12-month periods of service
- Member can receive up to 80 percent of final compensation as retirement allowance
- Member eligible for retiree health insurance subsidy at retirement
- Post-retirement survivor benefits
- Pays up to 55 percent of member’s retirement allowance to eligible surviving spouse, children, or domestic partner
- Eligible for retiree Cost-of-Living (COLA) increases (on service credit earned after June 4, 2002)
PLAN E: LOS ANGELES COUNTY BENEFITS (not LACERA benefit)
- County pays disability benefits if active member is disabled
- County pays death benefit if active member dies
- $10,000 life insurance benefit provided by County if member dies in active service
- Plan E members are covered by the County Long-Term Disability plan. For more information on Long-Term Disability, call the Employee Hotline at 213-738-2143. (8-24-09)
8/30/10
