|Type of Plan||Defined benefit plan eligible Members hired on or after February 21, 2016.|
|Member Contribution Rate||Members contribute at a rate of 11%.
Note: No part of the Members’ contribution is attributable to the ERIP obligations.
Actuarially defined based on active Member payroll.
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Age 60 or older and 10 years of Service (5 years must be continuous Service)
Age 60 or older and 30 years of Service (5 years must be continuous Service)
Enhanced and Early Retirement options are available. See Tier 3 Benefits Chart at top of page.
Members must be at least age 55, be receiving a Monthly Allowance or Continuance from LACERS, and have at least 10 years of Service. Subsidy amounts are determined by years of Service Credit.
If under age 65 or age 65+ and enrolled in Medicare Part B only
If age 65+ and enrolled in both Medicare Parts A and B
For more information about LACERS health subsidies, health plans, and health plan premiums, click here.