Applying for Retirement

Applying for Retirement

Overview

Group Retirement Counseling Sessions Suspended

Due to recent precautionary measures implemented by the Mayor and as recommended by various public health agencies, LACERS is suspending group retirement counseling sessions until further notice. If you are scheduled to attend the April 1, 2020 or any future sessions, these sessions have all been canceled. Information on how to apply for retirement in the future will be posted in the next few days. Please continue to visit this website for the latest up-to-date information on applying for retirement. 

Retirement Applications on File

If you already have a retirement application on file with LACERS, please be advised applications will be prioritized based on your retirement effective date and the completeness of your retirement forms and documents.  Service Retirement staff will contact you to inform you on the status of your application. Due to limited staff and the precautionary measures implemented by the Mayor and as recommended by various public health agencies, communication will be limited and on an as-needed basis. We ask for your patience and cooperation during this challenging time. 

Please also be advised, in the event the Mayor or other governing authority imposes further restrictions, it is possible there could be a delay in processing applications, placing members on the retirement payroll, and/or the retiree health benefits roster.

Filing Period

You may only apply for retirement within 30-60 days of your retirement date. When selecting a retirement date, keep in mind the following:

  1. Your retirement allowance is paid monthly on the last day of the month;
  2. Your first monthly retirement allowance is typically issued the month following the pay period ending date in which your retirement date falls; and
  3. Consider any tax obligations you may incur for vacation and/or sick time payouts.
     
Overview

Scheduling Your Retirement Counseling Appointment

When to Schedule Your Counseling Appointment

You must call to register for your retirement counseling session no earlier than 90 days before your  retirement date. Your retirement counseling session will typically be scheduled 30-60 days before your retirement date and is your opportunity to speak with a retirement expert.

Overview

Withdrawing or Amending an Application

Your application for retirement may be withdrawn up to, but no later than, midnight the day before your retirement effective date.  All requests must be in writing and received by LACERS by the deadline.

You may amend your application for retirement 30-60 days from the date on which your retirement application was received. Your retirement effective date and amended date must not have passed and your signed amendment must be received by LACERS no later than midnight the day before your retirement effective date.

Overview

Disability Retirement

If you become disabled while an active Member, you may be eligible for a Disability Retirement. Your disabling condition need not be job-related, but it must prevent you from performing your regular job duties. A Disability Retirement Allowance is generally paid as one-third of your Final Compensation.  A Disability Retirement Allowance is not tax-free. 

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