In just over a year I am thinking about retiring and becoming a DA's Investigator. It would be easiest for me to go to OC DA because I know a lot of folks there but I just learned something that concerns me about their pension system.
Basically like most retirements you need to be employed for 5 years before you are vested, but in the OC you cant draw money until 10 years after the start of your employment. My plan is to work there from 50 to 55 and double dip. But, I if have to wait another 5 years after I retire before I draw my OC pension that might offset the benefit. Either that or I work for 10 years, but I don’t want to work until I am 60, at least I don’t want to have to work until I am 60.
So the question is;
Is this the same for LASD pension? I could go to their DA's Office (Hopefully they will be hiring again in a year) and work much closer to home. Their pension is the same as an LASD Dep. Anybody know if the LASD pension has this restriction on retirement?
Basically like most retirements you need to be employed for 5 years before you are vested, but in the OC you cant draw money until 10 years after the start of your employment. My plan is to work there from 50 to 55 and double dip. But, I if have to wait another 5 years after I retire before I draw my OC pension that might offset the benefit. Either that or I work for 10 years, but I don’t want to work until I am 60, at least I don’t want to have to work until I am 60.
So the question is;
Is this the same for LASD pension? I could go to their DA's Office (Hopefully they will be hiring again in a year) and work much closer to home. Their pension is the same as an LASD Dep. Anybody know if the LASD pension has this restriction on retirement?
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