Active Members Update for September
Goodbye summer and hello fall! Let’s welcome a new season of opportunities and cooler weather.
YOUR RETIREMENT INFORMATION ON DEMAND: MYLACERS
Enrolling in MyLACERS gives Active Members 24/7 access to pension details, retirement estimates, and confidential messaging that saves correspondence history. To get started, simply visit the portal to request your unique enrollment PIN, which will be mailed to your address on file to complete your secure registration. Join thousands of other Active Members who are taking control of their future planning by requesting your PIN and enrolling in MyLACERS!
Need more information regarding requesting a MyLACERS PIN? Be sure to view our MyLACERS – Request an Enrollment PIN Video on the LACERS YouTube channel.
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 consider canceling 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.
SAN FERNANDO VALLEY IN-PERSON TIER 1 RETIREMENT BENEFITS SEMINAR AT MARVIN BRAUDE
Thursday, October 1st, 9:00 a.m.
Marvin Braude Building, Room 1A
6562 Van Nuys Boulevard
Van Nuys, CA 91401
This half-day seminar covers the LACERS Tier 1 retirement formula, retirement allowance benefit, health benefits, survivor benefits, mental preparedness, and what to expect at retirement. It will be held in person at the Marvin Braude Building. Street parking only, please arrive early to find parking.
You can register online through your MyLACERS account or by calling LACERS at (800) 779-8328. Space is limited, so be sure to register quickly. This first-come, first-served event is expected to fill up fast.
UPCOMING BOARD OF ADMINISTRATION MEETING
The next meeting will be tomorrow, Tuesday, September 22nd, at 10:00 a.m. Visit our Agendas and Minutes webpage for more information.
*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 Real Time Text (RTT) (888) 349-3996.