When you retire, you have six options for how your allowance is distributed to you. These options are designed to offer flexibility and address the needs of various lifestyle and family situations.
The option you elect affects the amount of your retirement allowance, your survivor’s eligibility for LACERA-administered healthcare, and the amount of the continuing benefit payable to your spouse, domestic partner, or named beneficiary upon your death.
If you have questions about the various retirement options and how they apply to your personal situation, we are always here to help. Contact us to speak with a Retirement Benefits Specialist.