For purposes of this Article 2, the following words and phrases shall have the meaning ascribed to them in this section:
Employee shall refer to an employee who is a member of Tier 1 of LACERS.
Member shall refer to a person who is a member of Tier 1 of LACERS. Effective February 21, 2016, a part-time employee member who qualifies for membership under Section 4.1002 of this Code shall be eligible for a benefit under this Article 2 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 hours worked per pay period.
Retired Employee or Retiree shall refer to a person who is a retired member of Tier 1 of LACERS and is receiving either a service retirement allowance or a disability retirement allowance pursuant to the provisions of Article 1 of Chapter 10 of Division 4 of this Code.
Service. Effective February 21, 2016, only those periods during which a member (1) received compensation from the City as an employee or (2) during which the employee both received Workers’ Compensation benefits (Div. IV, Labor Code) for temporary disability on account of any injury or illness arising out of, and in the course of, employment with the City, and made contributions to the Retirement Fund as provided in Charter Section 1162. Service shall exclude purchased service purchased pursuant to the Public Service Buy Back (PSB) program set forth in Section 4.1019. Service purchased pursuant to the redeposit program set forth in Section 4.1018, and Service purchased pursuant to the back contributions program set forth in Section 4.1017, may be used to qualify for the benefits provided in this Article, provided that such service is purchased while a member of LACERS and does not exceed any limits imposed under federal tax law. Part-time employee members shall receive full, rather than prorated, Service for purposes of qualifying for benefits under this Article.
Service Credit. Effective February 21, 2016, Service Credit shall include any Service authorized in Chapter 10 of Division 4 of this Code that may be taken into consideration for purposes of qualifying for benefits provided in Chapter 10, excluding any purchased service purchased pursuant to the Public Service Buy Back (PSB) program set forth in Section 4.1019, and provided that any such service credit does not exceed any limits imposed under federal tax law. Part-time employee members shall have their Service Credit prorated based upon the number of hours worked per pay period for purposes of the calculation of their benefits under this Article.
SECTION HISTORY
Added by Ord. No. 182,629, Eff. 7-25-13.
Amended by: Ord. No. 184,134, Eff. 1-22-16.