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If You are Laid Off or Terminating City Service

In the event that you are being laid off or are thinking about terminating City Service, but are not eligible for a Service Retirement, you may still be eligible for certain LACERS benefits.

Your eligibility for these benefits will depend on the amount of Continuous Service you have when you leave City Service.

Years of Continuous Service Options

Less than 5 years of Continuous Service*

Leave your contributions on deposit with the Plan

or

Take a refund of your Member contributions and/or roll these funds over into another qualified retirement plan.

5 or more years of Continuous Service

Leave your contributions on deposit with the Plan until you are eligible for a Deferred Service Retirement

or

Take a refund of your Member contributions and/or roll these funds over into another qualified retirement plan.

If you have not met the five-year Continuous Service requirement, the following may help you become eligible for retirement:

* Unless you were a part-time employee while a LACERS Member or are at least 70 years old. Please contact LACERS to confirm your options.

IMPORTANT! Be sure to contact LACERS before terminating your City employment because if you are physically or mentally incapable of working, you may be eligible for a Disability Retirement. If you don’t think you have enough Continuous Service to qualify, you may be able to purchase Workers’ Compensation time that may be used to increase your years of Continuous Service.