|Retirement Plan Office|
New Plan Amendment Goes into Effect on January 1, 2014.
On December 11, 2013, the Retirement Board took the last action required to adopt a Plan amendment suspending the Reciprocity program with LACERS and creating a new tier of pension benefits for new hires.
The Plan amendment creates Tier 2 benefits for employees who are hired by the Department on or after January 1, 2014. Click here for a summary of Tier 2 retirement benefits.
The Plan amendment maintains benefits for all employees who were members of the Plan before January 1, 2014. They are now called Tier 1 members. Click here for a summary of Tier 1 retirement benefits.
information, please watch the
Tier 2 Presentation.
For further information, please watch the Tier 2 Presentation.
|Although this document discusses the Plan in some detail, if there are any conflicts, real or apparent, between this document and the City Charter or the Plan, the terms of the Charter and the Plan will at all times be the final authority. Therefore before relying on provisions described in this document or taking any action which will affect your future welfare, you and your beneficiaries are urged to consult the Retirement Plan Office for the specific terms of the Plan in any situation.|