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Are all LACERA survivor benefits paid as monthly allowances?

April 26, 2017allowances Benefits lacera paid Survivor

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Are all LACERA survivor benefits paid as monthly allowances?

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A. No. Depending on the retirement plan, some members can elect to have their survivor benefit paid as a single lump-sum payment, rather than a continuing allowance. The structure of your survivor benefit is determined by the Retirement Option the decedent elected at retirement.

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No. Depending on the retirement plan, some members can elect to have their survivor benefit paid as a single lump-sum payment, rather than a continuing allowance. The structure of your survivor benefit is determined by the Retirement Option the decedent elected at retirement.