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.
In the event of the birth or adoption of a child, you may wish to designate your child as a plan beneficiary. To do so, complete and return an ACERA Active or Deferred member Beneficiary Designation Form. In addition, while not required, you may wish to provide ACERA with a copy of your marriage certificate and your child’s birth verification. This information will be needed in the event of your death, for benefit payment to your child.
In the event you become permanently incapacitated and unable to perform your job duties, you may be eligible for disability retirement through ACERA. If your disability is not a result of your ACERA-covered employment, you may apply for a non-service-connected disability if you have five or more years of ACERA service credit.
It is important to keep your beneficiary information up-to-date. Your beneficiaries should understand the benefits provided to them in the event of your death.
If you die as an active member, a death benefit may be available to your beneficiary(ies) or surviving spouse/state-registered domestic partner and eligible minor children. If you die while a deferred member, your beneficiary may receive a refund of your contributions plus accrued interest. Interest stops accruing for all member accounts upon death.