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BENEFITS


VESTING

The following explains the amount of service credit members need to accrue in order to become entitled to receive an allowance when they retire. This was previously referred to as vesting. Meeting the service requirements entitles you to terminate County employment and defer receiving your retirement allowance until you are eligible and ready to apply for retirement. Your retirement contributions will remain on deposit and continue to earn interest until you retire.

PLANS A, B, C, and D

You become vested in contributory Plans A, B, C, and D when you have five years or more of County (or combined County and reciprocal system) retirement service credit. Vesting entitles you to a retirement allowance when you reach age 50 and reach the date on which you would have had 10 years of County retirement service credit had you remained in service in a full-time position.

PLAN E

You become vested in non-contributory Plan E when you have 10 years of County (or combined County and reciprocal system) retirement service credit. Vesting entitles you to a retirement allowance when you terminate employment and meet the minimum age requirement of 55 years.

PLAN G

You have enough service credit accrued (previously referred to as being “vested”) under contributory Plan G  when you have five years of County (or combined County and reciprocal system) service credit. To retire, you must meet the minimum age requirement of 52.

SAFETY PLAN C

You have enough service credit accrued (previously referred to as being “vested”) under contributory Safety Plan C when you have five years of County (or combined County and reciprocal system) service credit. To retire, you must meet the minimum age requirement of 50.

 

6/2/16