To ensure no interruption in your ACERA plan benefits, it is important to keep ACERA and your health plan providers informed of important life changes. This section describes the things you should consider and the steps to take when working through a range of events.
If you have a baby or adopt a child as a retired member, you may wish to designate your child as a plan beneficiary. To do so, complete and return an ACERA Retired Member Beneficiary Designation Form. In addition, while not required, you may wish to provide ACERA with a copy of your child’s birth verification.
Life brings many changes. To name a few: changes in sleeping patterns; changes in eating patterns; and changes in finances. One change that some of us may face, is divorce or state-registered domestic partnership dissolution. When that happens, your ACERA benefits may be impacted.
If you get married or register a domestic partner with the California Secretary of State after you retire, you may want to designate your new spouse/partner as your beneficiary, because as an ACERA retiree, you have certain benefits that will be paid at your death. However, in the Election of Retirement Allowance Form you signed at the time of retirement, you made elections regarding your nominated beneficiaries.
Eldercare is a term used to describe a host of programs and services designed to address the needs of seniors. There are a wide array of programs and services available. A summary of just some of the services offered under the umbrella of “Eldercare” is included below:
A power of attorney (POA) is a legal document that provides another person (often a relative or a friend) the authority to make decisions and act on your behalf. The person you identify is called an “agent” or “attorney-in-fact.” In the POA you are called the “principal.”
A conservatorship is a legal status, which arises when a person (or organization) requests a judge to appoint him/ her to protect and manage another’s care or finances. The person or organization appointed is called the “conservator.” The person who will be cared for or otherwise provided for is called the “conservatee.” In many cases, elderly individuals, or individuals regardless of age who have mental or physical incapacities are conservatees. Some conservatees need help because they cannot provide for their own hygiene, nutritional needs, or home care.