I transferred prospectively from Plan E to Plan D and I have double accounts with LACERA. Can I withdraw my Plan D retirement contributions and keep my vested Plan E service credit?
No. If you withdraw your Plan D contributions, you will forfeit all your future retirement benefits, including any disability or vested Plan E benefits. LACERA is a single-plan benefit administrator. A double account status reflects one active and one inactive plan. You cannot terminate and withdraw some of your plan benefits without losing all your future benefits.
Related Questions
- I transferred prospectively from Plan E to Plan D and I have double accounts with LACERA. Can I withdraw my Plan D retirement contributions and keep my vested Plan E service credit?
- Can I withdraw money from my retirement savings plan account for a financial emergency?
- How Do You Withdraw Funds From A 403(B) Plan?