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If I prospectively transfer to Plan D and purchase some of my prior Plan E time, how will my monthly Plan D contributions be affected?

April 26, 2017contributions Plan plan d prior prospectively purchase time transfer

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If I prospectively transfer to Plan D and purchase some of my prior Plan E time, how will my monthly Plan D contributions be affected?

1 Answer

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Your monthly Plan D contributions will continue in addition to any monthly payment you make for additional service credit purchases. Once your contract is paid in full, LACERA will adjust (reduce) your monthly Plan D contribution rate to reflect the age you were when you began the Plan E service you just purchased.