A valuable feature of your Plan benefits is the provision for "vesting". This feature provides that, even if you separate from Department employment before you are eligible for a Formula Pension, you may leave your contributions and interest on deposit with the Plan and receive a Vested Right Retirement. A Vested Right Retirement is not a Formula Pension, and does not include COLA, health or dental insurance benefits, or an Eligible Spouse/Domestic Partner continuance. Since there is no Eligible Spouse/Domestic Partner continuance, only Options Full, A, B, and C are available to you.
Vested Right Retirement Tier 1 Fact Sheet
Employees Retirement Plan Room 357 Department of Water & Power PO Box 51111 Los Angeles, CA 90099-5520
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