LACERS Active Members Update for September

WE ARE HERE TO HELP YOU UNDERSTAND YOUR RETIREMENT BENEFITS

At LACERS, we believe that all City employees should learn about their retirement benefits well before they are eligible to retire.

Our offerings include Retirement Benefit presentations that are available both in-person and virtually, recorded videos on our Official YouTube channel, and dedicated, professional phone and in-person support.

Our LACERS calendar contains a complete listing of all upcoming in-person and virtual Retirement Benefit Seminars and our QLess Appointment System allows you to easily get one-on-one assistance in-person, by phone, or virtually via Zoom.

If you have decided on a retirement date, be sure to register to attend an upcoming Retirement Orientation meeting to start the process. You can find more information, including upcoming orientation dates, by visiting our Pathway to Retirement webpage.

We look forward to assisting you at your convenience to better understand all of the benefits available to you as a LACERS Member!

WHEN AND HOW TO CANCEL THE FAMILY DEATH BENEFIT PLAN (FDBP)

As LACERS Members near retirement, one voluntary program they should consider canceling is the Family Death Benefit Plan (FDBP). Often, employees elect to participate in the FDBP plan early in their City career due to having a young family or dependent parent and/or not qualifying for other survivorship benefits due to insufficient service credit. As Members progress in their careers, these criteria may not exist, and canceling the FDBP should be considered.

Furthermore, although Members may be eligible for additional benefits depending on their years of service credit, FDBP cannot be paid in conjunction with a Service Retirement Survivorship or Deferred Service Retirement Survivorship.

When to Cancel?
Members should cancel FDBP when they:
- No longer have young children and/or dependent parents; and,
- Qualify for either a Service Retirement Survivorship or Deferred Service Retirement Survivorship.

How to Cancel?
Cancelling is easy. Simply review and complete this FDBP Cancellation Form and return it to LACERS. If you are not sure if you should cancel FDBP, please call (800) 779-8328, and we will assist you.

UPCOMING BOARD OF ADMINISTRATION MEETING

The next meeting is Tuesday, September 23, at 10:00 a.m. For more information, visit our Agendas and Minutes webpage.

*ADA Statement: Sign Language Interpreters, Communications Access Real-Time Transcription, Assisted Listening Devices, or other auxiliary aids and services may be provided upon request. To ensure availability, you are advised to make your request at least 72 hours before the meeting you wish to attend. Due to difficulties securing Sign Language Interpreters, notice is strongly recommended for five or more business days. For additional information, please contact (800) 779-8328 or RTT (888) 349-3996.