Now’s the perfect time to do a mid-year check-up on your LACERS benefits. Here are some things to check off your list:
Keep Your Beneficiaries Current
Make it a habit to review your designated beneficiaries on file with LACERS annually so that your benefits are paid out as intended if you pass away.
Designate a Power of Attorney
What if you experienced an illness, an accident, or another life-changing event that left you unable to sign your own documents or make decisions? Whom would you want to step in and handle your affairs?
A Power of Attorney (POA) is a legal document that allows you to designate someone to act on your behalf when you are unable to do so yourself. LACERS has a special Durable Power of Attorney, which allows you to designate someone to manage your LACERS pension. Safeguard your interests and complete the form today.
Sign Up for Direct Deposit
Don’t wait for the mail. Sign up to receive your monthly allowance by direct deposit. You can sign up and change the account on file with LACERS by completing a Direct Deposit Authorization Form found on our website.
LACERS Medicare Requirement
Retirees and their eligible dependents are required to be enrolled in Medicare Part B at age 65 to qualify for a LACERS medical plan premium subsidy and be eligible for coverage in a LACERS-sponsored medical benefit plan. Medicare Part A is only required if it is free to the Retiree. Take time to learn more about our Medicare requirement.