Do not report to work on your retirement date
Congratulations! You are now retired.
Receive your first allowance payment
Your retirement allowance from LACERA will be paid monthly on the last business day of the month. Provided your department posts your termination date timely, you will usually receive your first allowance check by direct deposit at the end of the month following the month you retire (for example, if you retire any time in March, you will receive your first check on the last business day in April).
Your first payment is usually larger than subsequent payments because it includes a retroactive payment for any days remaining in the month after the date you retired. (For example, if you retire on March 27, your first payment will include five days in March as well as the entire month of April).
LACERA is mindful of getting retirees their payments in a timely manner. However, if there is a banking issue such as a wrong routing or account number, your first payment may be by mailed check and could take up to an extra week for postal delivery (one of many reasons why it is important to always keep your address updated with LACERA).