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. 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.

2 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. 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.

3 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.* We are responsible for collecting, depositing, investing, and managing the retirement funds contributed by the County, outside districts, and County employees.

4 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. 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 .

5 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: 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.

6 Plan D Service Retirement OptionsMore About Plan OptionsDesignating Benefi ciariesSurvivor Eligibility for LACERA - administered HealthcareDeath/Burial Benefi tSection 6: 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. Additional Retirement Credit (ARC): Credit that was purchased on or before December 31, 2012 to increase a member s service credit total.

7 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. Income included in compensation earnable depends on the member s date of hire and is subject to the limitations set forth in the Internal Revenue Benefi t: A monthly benefi t paid to a survivor or benefi ciary following the death of a retired member. In some cases, a continuing benefi t may be paid following the death of an active Interest: Interest credited on member contributions. Interest is accrued on June 30 and December 31 on all member contributions that have been in the retirement fund for at least six months immediately prior to the date of Member: A vested member of LACERA Plan A, B, C, or D who left County service and left his or her Plan contributions on deposit with Reciprocal Member: A non-vested contributory member who terminates County service, leaves his or her Plan contributions on deposit with LACERA , becomes employed by a reciprocal system within six months of termination, and establishes Retirement: Retirement granted when the Board of Retirement determines a member is permanently incapacitated due to a physical and/or mental condition that prevents the member from performing his or her regular job Reserve Account: An account representing the balance of employer contributions toward future retirement benefi t payments.

8 Final Compensation: An average of the member s highest monthly compensation earnable during any 12-consecutive-month period, it is one determining factor in establishing a member s monthly retirement Member: A permanent employee of Los Angeles County or an outside district working three-quarter time or more in a position other than fi refi ghting, forestry, lifeguarding, or law enforcement (including District Attorney investigators).* Member Reserve Account: Refers to the total combined balance of all member contributions and related : A disabling condition unrelated to the member s County : Abbreviation for the Public Employees Pension Reform Act of 2013, one of the laws governing LACERA and other public retirement systems in Member: A LACERA member who has been granted retirement from County service by the Board of Option: A format for determining how retirement and continuing benefi ts are paid. Plan D offers a choice of six Retirement : A special relationship between LACERA and certain other California public retirement systems that protects retirement benefi ts earned under more than one retirement Member: A permanent employee of Los Angeles County working three-quarter time or more in fi refi ghting, forestry, lifeguarding, or law enforcement (including District Attorney investigators).

9 *Service Credit: One of the components used to calculate a member s retirement allowance. Plan D members earn service credit for each payroll period in which a retirement contribution is : A disabling condition resulting from the member s County Retirement: Retirement from County service granted by the Board of Retirement to a member who has met the minimum age and service : An employee s entitlement to receive certain benefi ts accrued under his or her retirement plan. In Plan D, this is based on the completion of fi ve or more years of active County (or combined County and reciprocal system) service. Being vested entitles you to a retirement allowance when you terminate employment and meet the minimum age and service requirements. Vesting also entitles you to terminate County employment and defer receiving your retirement allowance until you are eligible and ready to apply for retirement.*Certain lifeguard positions may be classifi ed as general member to Know continued on back inside coverAAAlAAl LACCCCECRAPPPPPlan Bookoos are eonlineinnthePllananBookSSeSeSctionoflaP LAN D ONLINEV isit , Plan Book Section383940 40 4142434447474748495051525253555556575859 60 Section 7: County Service after RetirementRetirees Returning to Work: 120-Day RuleOther County Service while Maintaining Retiree StatusReturning to Active LACERA MembershipCalculations For Combined AllowanceSection 8:Disability RetirementEligibilityBenefi t AmountsEffective DateContinuing Benefi tsCounty Long-term Disability and Survivor Benefi t PlanSection 9: Post-Retirement HealthcareChoice of Medical and Dental/Vision PlansCosts of Medical and Dental PlansSection 10: Pre-Retirement Death/Continuing Benefi tsPre-Retirement Benefi tsChart: Pre-Retirement Death Benefi tsExplanation of Benefi tsService-Connected DeathNonservice-Connected DeathCounty-Sponsored Benefi tsSection 11.

10 LACERA ResourcesEducational ResourcesService ResourcesChart: Calculating Your Retirement AllowanceUsing Terms to Know Defi nitions of Plan terms fold out from both covers to lie open as you explore this Plan nowd out as you w Retirement Plan D2 The availability of General Plan D is determined by the member s LACERA membership date: Members with membership dates from June 1, 1979 to January 3, 1982 joined Plan D. Members with membership dates from January 4, 1982 to November 27, 2012 could choose to enroll in Plan D or Plan E. Members with membership dates from December 1 to December 31, 2012 enrolled in Plan D. The print date of this book appears on the back cover. The content presented herein is current as of the date it was written. From time to time, however, changes to Plan D resulting from the enactment of new legislation, LACERA policies, and/or other events or conditions may occur. To keep abreast of updates to Plan D, visit , Plan Book to LACERA Retirement Plan D.