Retirement Options

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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.

LACERA member is excited to learn about the monthly retirement allowance

Unmodified

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

LACERA member is pleased to be able to customize eligible survivor allowance

Unmodified+Plus

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

LACERA member is happy about this option allowing lump-sum beneficiary payment

Option 1

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

LACERA member is content with the 100 percent beneficiary allowance

Option 2

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

LACERA member is grateful for the 50 percent beneficiary allowance

Option 3

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

LACERA member is glad for the fixed beneficiary amount

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.