* Electronic Funds Transfer (EFT) deposit schedule.
OCERS pays one month in
arrears. For example: the May 1st benefit payment covers the
period of April 1st - 30th.
always mailed the last day of the month and are payable on the
first of every month.
Monthly Payment Policy
As part of an ongoing effort to provide better customer service
to our members, OCERS has a plan to bring relief to retirees
when the first of the month falls on a weekend or holiday. When
the first of the month falls on a weekend or holiday, your
monthly benefit will be deposited the previous business day.
The only exception to this is the January 1st benefit payment.
The January 1st
benefit will continue to be paid the first business day of the
This affects only those members who receive their monthly
benefit via EFT. For those who receive an actual check, they
will continue to be mailed out on the last business day of the
month via the United States Postal Service.
Retirees who want to receive their retirement allowance in the
most prompt way should sign up for Electronic Fund Transfer -
also known as "Direct Deposit" or "Automatic Deposit." This
provides retirees with the fastest delivery of their monthly
retirement payment possible.