Eligibility
This type of employee works intermittently or on an as-needed basis.
This is the service level (timeframe) for a member to receive a Temporary Time contract.
What is 90 days?
This is the minimum semi-monthly payment amount for contracts.
What is $25
This is the maximum number of months a member can take to pay off a contract via payroll deductions.
What is the actual number of months being purchased.
Temporary time purchase increases
What is service credit / retirement benefit
These plans are eligible to purchase temporary time.
What are contributory plans (A,B,C,D,G / Safety A/B/C)
This is how Temporary time is calculated.
what are contributions + interest
These are 3 payment options available on the contract.
What is Lump sum, payroll deductions, or partial lump sum plus payroll deductions?
This is the service level (timeframe) for LACERA to process signed contract
what is 60 days?
Minimum service years required before healthcare subsidy begins at 40%.
What is 10 years of service credit?
These are two criteria for an employee to be eligible for LACERA membership.
What is "a permanent employee of Los Angeles County and must work at least three-quarter time or more."
These sub-items qualify for LACERA membership
What is subitem D,Y,L,A,N,Z
After-tax election allows member to do this.
What is ability to change the contract terms (e.g., pay off early).
Name of the form needed if member wants to use funds from a traditional IRA to pay for contract.
What is Rollover/Transfer Certification form.
Will a Temporary Time purchase qualify for conversion of General time to Safety time?
What is No.
This type of federal-funded employment may still qualify as TT under certain conditions.
What are CETA employees?
This is the function on Workspace where you find the contract shell for TT
What is Purchases tab
This rule determines the order member must purchase their TT.
What is most recent service first rule?
Member sees the service credit at this time.
What is near the end of the month after payments are received in full.
This is an example of when purchasing Temporary Time may NOT be advantageous.
When a member terminates with fewer than 5 years of service (non-vested); when a member receives an SCD retirement and the added time doesn't exceed 50% of FAC; when the added time doesn't reach 13 years for the healthcare subsidy increase.
These are four things that purchasing Temporary Time will NOT change.
What is the permanent hire date, the membership date, the member's entry age, or the member's retirement plan.
These are three ways a member can request a cost for a Temporary Time purchase.
What is Submitting a Service Request via workspace during a phone call; logging into the My LACERA portal; completing and submitting an Application to Purchase Service Credit.
This is pro & con of before-tax election.
What is before-tax lowers taxable income but the contract terms cannot be changed.
This happens if a member terminates employment with an active Temporary Time contract still in progress.
What is the option of completing contract or prorating it?
Notes: member can either pay the remaining balance in a lump sum to receive full credit, or elect not to pay and the service credit will be prorated for what was already paid.
These are four advantages of purchasing Temporary Time
What is counts toward vesting, eligibility to retire, increase total service credit for calculating the lifetime benefit, and complete years used to determine the LACERA Retiree Healthcare Subsidy.