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BENEFITS


DEFERRED MEMBERSHIP

DEFERRED MEMBERSHIP

If you have the required amount of service credit accrued under your plan (previously referred to as being “vested”) and terminate employment prior to meeting the minimum age requirement for retirement, you will be placed on deferred membership status. If you are part of a contributory plan, your retirement contributions will remain on deposit and continue to earn interest until you retire.*

GENERAL PLANS A, B, C, D, and SAFETY PLANS A and B

If you are a member of contributory Plan A, B, C, or D with five years of County or reciprocal agency service credit and terminate employment prior to meeting the minimum age requirement, you will be placed on deferred membership status. You may apply to receive your retirement allowance when you reach age 50 and reach the date on which you would have had 10 years of service credit had you remained a County or reciprocal agency employee.

PLAN G

If you are a member of contributory Plan G with five years of County or reciprocal agency service credit and terminate employment prior to meeting the minimum age requirement for retirement, you will be placed on deferred membership status. You may apply to receive your retirement allowance when you reach age 52.

SAFETY PLAN C

If you are a member of contributory Safety Plan C with five years of County or reciprocal agency service credit and terminate employment prior to meeting the minimum age requirement for retirement, you will be placed on deferred membership status. You may apply to receive your retirement allowance when you reach age 50.

PLAN E

If you are a member of non-contributory Plan E with 10 years of County or reciprocal agency service credit and terminate employment prior to meeting the minimum age requirement for retirement, you will be placed on deferred membership status. You may apply for your retirement allowance when you reach age 55.

IMPORTANT — Please keep LACERA informed of address changes while you are on deferred status.

* You may elect to withdraw your deferred contributions and interest at any time, but by doing so, you will forfeit all rights to future retirement benefits from LACERA.

6/22/16