
Lacera Com Form


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People also ask
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Is LACERA disability retirement taxable?
Any portion of your allowance that exceeds 50 percent of your final compensation at the time of retirement is subject to taxation. For questions regarding your retirement account, contact us. For questions regarding tax matters, consult with a professional advisor; LACERA does not offer tax or legal advice.
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Is LACERA pension a lifetime benefit?
Features of your LACERA retirement plan are outlined below and contrasted with those of defined contribution plans. Your retirement allowance is a lifetime allowance; it will be paid to you every month for the rest of your life.
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Can I withdraw from LACERA?
Note: Rather than apply for retirement, a member may elect to withdraw their accumulated contributions. By taking such action, however, the member terminates their membership and forfeits all rights to future retirement benefits from LACERA, including disability and healthcare benefits.
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Who funds LACERA?
LACERA is funded by member and employer contributions and investment earnings on those contributions.
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Is LACERA a government agency?
Los Angeles County Employees Retirement Association (LACERA) is an independent governmental entity that administers and manages the retirement fund for the County of Los Angeles and outside districts.
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Is LACERA fully funded?
LACERA's retirement fund relies on three sources of funding: investment earnings, employer contributions, and employee (member) contributions. Your contribution rate for General Plan G is a flat rate percentage of your base salary plus certain other pay items included in your pensionable compensation.
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Is PBGC a government agency?
All LACERA retirement plans are defined benefit plans that pay you a specified monthly benefit for the rest of your life.
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