Disbursement Methods

Disbursement Methods

Overview

In retirement, you will receive your retirement allowance once a month on the last day of the month. You may choose one of the following options for the delivery of your retirement allowance:

Direct Deposit

Your retirement allowance will be deposited into the account at the financial institution you designate on the last day of the month.

Since the direct deposit program became available more than a decade ago, enrollees have always received their monthly retirement allowances on time.

To choose this option, complete and submit the Direct Deposit Authorization form and return it to LACERS.  

Paper Checks

Your retirement allowance will be issued as a paper check and mailed to the address on file to arrive by the last day of the month. However, there may be unforeseeable postal delivery delays, such as adverse weather conditions or natural disasters that will affect the actual delivery date of your check.

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