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Benefit Payment Schedule

 

 

  Payment Schedule for 2016 - 2017

Payment Month

Payment Day

Benefit Payment Date*

December

Thursday

December 1, 2016

January

Tuesday

January 3, 2017

February

Wednesday

February 1, 2017

March

Wednesday

March 1, 2017

April

Friday

March 31, 2017

May

Monday

May 1, 2017

June

Thursday

June 1, 2017

July

Friday

June 30, 2017

August

Tuesday

August 1, 2017

September

Friday

September 1, 2017

October

Friday

September 29, 2017

November

Wednesday

November 1, 2017

December

Friday

December 1, 2017

     

* Electronic Funds Transfer (EFT) deposit schedule.

 

Benefit Payment Policy

OCERS pays one month in arrears.  For example: the May 1st benefit payment covers the period of April 1st - 30th.

Checks are 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 year.

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.

 
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