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Pension Plan |
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CERF Pension Plan
Changing LAGERS Status
If your status as a LAGERS or non-LAGERS participant changes, the
following will occur:
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You will receive the full benefit for those
years of creditable service in which you were a non- LAGERS
participant and made the required contributions.
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You
will receive two-thirds of the full benefit for those years of
creditable service in which you were a LAGERS participant and
made the required contributions.
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If you
receive a refund of contributions from LAGERS, you will be required
to make up the mandatory contributions you would have paid to CERF
had you not been in LAGERS. Your benefit for the period you were in
LAGERS, for which you later received a refund, will be calculated at
the non-LAGERS rate.
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If you
retire from LAGERS and return to work in the county but are not
accruing additional service credit in LAGERS, you are considered a
non-LAGERS participant for this period of time. In this case, you
must make the mandatory contributions to CERF. Again, for this
period of time, your CERF benefit will be calculated at the
non-LAGERS benefit rate.
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