PLAN About LACERA

1 Oduce, Prootect,Prootect,ootect,oandandandovide Proid,ovideoPromised Benefi ts. the About LACERAThe Los Angeles County Employees Retirement Association ( LACERA ) has the duty and authority to administer defi ned retirement plan benefi ts for the employees of Los Angeles County (County) and outside districts, which include the Little Lake Cemetery District, Local Agency Formation Commission, South Coast Air Quality Management District, and Los Angeles County Offi ce of Education.* We are responsible for collecting, depositing, investing, and managing the retirement funds contributed by the County, outside districts, and County employees.

2 LACERA was established under the authority of the County Employees Retirement Law of 1937 (CERL) and is governed by CERL and the California Public Employees Pension Reform Act of 2013 (PEPRA). Our association has been providing retirement, disability, and death benefi ts to eligible County employees, retirees, and their benefi ciaries since 1938. In 1971, we began administering a retiree healthcare benefi ts program. LACERA is an independent governmental entity, subject to the laws governing fi duciaries. Our staff operates under the direction of a nine-member Board of Retirement (with two alternate members) and a nine-member Board of Investments.

3 We monitor laws and develop rules and policies in support of the best interests of our members, and offer individual counseling and retirement seminars to members in preparation for their mission is to Produce, Protect, and Provide the Promised Benefi ts. *Employees of South Coast Air Quality Management District hired after December 31, 1979 and employees of Los Angeles County Offi ce of Education hired after July 1971 become members of retirement systems other than LACERA . The Los Angeles County Employees Retirement Association is governed by the County Employees Retirement Law of 1937 and the California Public Employees Pension Reform Act of 2013; LACERA retirement benefi ts are administered in accordance with these laws.

4 If there is any confl ict between statements made herein and provisions of the applicable retirement law, the law will for additional information or call LACERA at 626-564-6132 or 800-786-6464. You may also visit our Member Service Center at 300 N. Lake Avenue, Suite 100, Pasadena, CA r Retirement PLANDPlan Your 2013 ASD 541oduce, Prootect,Prootect,ootect,oandandandovide Proid,ovideoPromised Benefi ts. the About LACERAThe Los Angeles County Employees Retirement Association ( LACERA ) has the duty and authority to administer defi ned retirement plan benefi ts for the employees of Los Angeles County (County) and outside districts, which include the Little Lake Cemetery District, Local Agency Formation Commission, South Coast Air Quality Management District, and Los Angeles County Offi ce of Education.

5 * We are responsible for collecting, depositing, investing, and managing the retirement funds contributed by the County, outside districts, and County employees. LACERA was established under the authority of the County Employees Retirement Law of 1937 (CERL) and is governed by CERL and the California Public Employees Pension Reform Act of 2013 (PEPRA). Our association has been providing retirement, disability, and death benefi ts to eligible County employees, retirees, and their benefi ciaries since 1938. In 1971, we began administering a retiree healthcare benefi ts program.

6 LACERA is an independent governmental entity, subject to the laws governing fi duciaries. Our staff operates under the direction of a nine-member Board of Retirement (with two alternate members) and a nine-member Board of Investments. We monitor laws and develop rules and policies in support of the best interests of our members, and offer individual counseling and retirement seminars to members in preparation for their mission is to Produce, Protect, and Provide the Promised Benefi ts. *Employees of South Coast Air Quality Management District hired after December 31, 1979 and employees of Los Angeles County Offi ce of Education hired after July 1971 become members of retirement systems other than LACERA .

7 The Los Angeles County Employees Retirement Association is governed by the County Employees Retirement Law of 1937 and the California Public Employees Pension Reform Act of 2013; LACERA retirement benefi ts are administered in accordance with these laws. If there is any confl ict between statements made herein and provisions of the applicable retirement law, the law will for additional information or call LACERA at 626-564-6132 or 800-786-6464. You may also visit our Member Service Center at 300 N. Lake Avenue, Suite 100, Pasadena, CA r Retirement PLANDPlan Your 2013 ASD 541 3 4 4 5 6 8 9101111121415161718192021212223242425272 930313233333334343535373737 Section 1: Welcome to plan DAbout Your LACERA Defi ned Benefi t PlanThree Factors Determine Your Retirement Benefi tsChart: Summary of plan D ProvisionsContributing to plan DRetirement EligibilityRemaining in Service: Ages 50-65 Section 2.

8 Understanding the VariablesImportance of Service CreditPurchasing Service CreditAdditional Retirement Credit (ARC)Section 3: Other Circumstances of ServiceReciprocityTerminating ServiceMinimum DistributionReturning to ServiceRestoring to a Prior PlanSection 4: Combined AllowancesTransferring to plan EDouble AccountDual StatusSection 5: Exploring the Benefi tsMy LACERAR etirement OptionsChart: plan D Service Retirement OptionsMore About plan OptionsDesignating Benefi ciariesSurvivor Eligibility for LACERA - administered HealthcareDeath/Burial Benefi tSection 6.

9 Additional Impacting FactorsCOLAS ocial SecurityWindfall Elimination Provision Government Pension Offset Pension Advance OptionTaxabilityDissolution of Marriage (Divorce)GarnishmentPension ForfeitureYour Records Are Subject to Public DisclosureTerms to to of ContentsConnect With Your Retirement OnlinePLAN D All LACERA plan Books are online in the plan Book Section of The online versions will be updated throughout the year to refl ect the latest: Legislative changes LACERA procedural changes Additional member services Active Member: A member of LACERA who is currently employed by the Contributions: Member contributions plus credited interest.

10 Additional Retirement Credit (ARC): Credit that was purchased on or before December 31, 2012 to increase a member s service credit total. It was not based on actual employment and does not count toward retirement eligibility, vesting, or retiree healthcare subsidy. ARC purchases were discontinued under PEPRA as of January 1, : Abbreviation for the County Employees Retirement Law of 1937, one of the laws governing LACERA and 19 other county retirement systems in California. Compensation Earnable ( Pensionable Earnings or Pensionable Income): The amount of income used in determining a member s plan contributions and in calculating a member s fi nal compensation.