Various resources are available to employees depending on the situation they are in. A summary of who is able to access these resources is provided below. Links and additional information on the specific programs/resources can be found by scrolling through this page.
* Service credit buy-backs must be completed before leaving City service. It is recommended that all employees consider this option as soon as possible and reach out to LACERS for more information.
Retirement Support
Employees who are concerned they may be laid off can begin looking into potential options with LACERS. Depending on an employee's years of City Service and Tier Membership, there are different options available regarding retirement benefits.
If you want to understand the impacts that layoffs and furloughs may have on your retirement benefits, please visit our Frequently Asked Questions section and short video, below. For information on service credit purchases, please select the Service Credit Purchase button.
DEFERRED COMPENSATION PLAN (DCP)
Loans and Withdrawal Options
Active, Retired, or Terminated Employees may be eligible for certain loan/withdrawal options from their DCP accounts. These options can provide the flexibility needed to address your immediate financial challenges.
Employees can access information about these DCP options and eligibility using the following buttons:
Loans WithdrawalsTo discuss specific situations and learn more about how to access their DCP funds, employees may contact the DCP Service Center at 844-523-2457. Customer Service Associates are available Monday through Friday, 6:00 a.m. to 5:00 p.m., PT, except on New York Stock Exchange holidays to guide employees through the process and ensure they have the support needed.
Unemployment Benefits
FILING FOR UNEMPLOYMENT
Unemployment benefits pay a weekly income payment (up to $450) to eligible individuals who file claims while they look for new employment.
City employees who are terminated due to layoff may be eligible to file for unemployment benefits after their employment termination occurs by filing with the State of California’s Employment Development Department (EDD).
Employees may read more about the eligibility and filing process by visiting the following website:
COBRA (Consolidated Omnibus Budget Reconciliation Act)
Continuing Benefits after Termination of Employment
Employees and their dependents are allowed to continue health, dental, and vision coverage after leaving employment by applying for COBRA and paying the full premium for their elected coverage. COBRA cannot be offered until a termination event has occurred and recorded. COBRA offers are good for 60 days and are retroactive to the termination date if the applicant successfully enrolls.
For more information, and to view current COBRA costs, please visit:.
EWDD resources
Employees who have been laid off can contact the Economic & Workforce Development Department (EWDD) for guidance and available resources, including how to apply for Unemployment Insurance (UI) through CA EDD. More information can be found on the EWDD website.
