Retirement Options

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Retirement Planning

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    1. Unmodified Option
    2. Unmodified Plus Option
    3. Option 1
    4. Option 2
    5. Option 3
    6. Option 4
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Begin content

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.

Unmodified

Provides the highest monthly retirement allowance and a fixed eligible survivor allowance percentage

Unmodified+Plus

Provides a reduced monthly retirement allowance and a customizable eligible survivor allowance percentage

Option 1

Provides a reduced monthly retirement allowance and a lump-sum beneficiary payment of member contributions

Option 2

Provides a reduced monthly retirement allowance and a 100 percent beneficiary allowance

Option 3

Provides a reduced monthly retirement allowance and a 50 percent beneficiary allowance

Option 4

Provides a reduced monthly retirement allowance and a fixed beneficiary percentage or dollar amount

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.

Have Questions About Your Retirement Options?

We are here to help you understand the various retirement options and how they apply to your personal situation. Contact us to speak with a Retirement Benefits Specialist.

Los Angeles County Employees Retirement Association

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LACERA
Los Angeles County Employees Retirement Association

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300 N. Lake Ave.
Pasadena, CA 91101

Contact Us

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M – F, 7 a.m. – 5:30 p.m. PT

800-786-6464

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M – F, 8 a.m. – 5 p.m. PT

PO Box 7060
Pasadena, CA 91109-7060

Phone 626-564-6000

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