The definitions of Service and Service Credit now set forth in Section 4.1110 for Tier 1 and Section 4.1125 for Tier 3 shall apply prospectively to members and former members who retire on or after February 21, 2016. Effective February 21, 2016, a part-time employee member shall be eligible for a benefit under this Chapter when he or she is age fifty-five (55) with a minimum of ten (10) years of Service, provided that he or she is receiving a service retirement benefit or disability retirement benefit from LACERS under Chapter 10. In calculating the amount of the benefit to which a part-time employee member is entitled, LACERS shall consider the part-time employee member's Service Credit, which shall be prorated based upon the number of hours the member worked per pay period.
Any retired member who retired before February 21, 2016, who would have been eligible for a benefit under this Chapter had he or she retired on or after February 21, 2016, shall be entitled to apply to LACERS, under rules and procedures to be developed by LACERS, to enroll or participate in the retiree health program established by this Chapter. Such retirees shall receive, upon enrollment in a health plan administered by LACERS or the first date of participation in LACERS' Medical Premium Reimbursement Program, the monthly retiree medical subsidy amount to which they are entitled based upon their prorated Service Credit, effective as of the first date of such enrollment or participation.
SECTION HISTORY
Added by Ord. No. 182,629, Eff. 7-25-13.
Amended by: Ord. No. 184,134, Eff. 1-22-16.