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Benefit Payment Schedule

 

 

  Payment Schedule for 2018 - 2019

 

Payment Month

Payment Day

Benefit Payment Date*

October

Monday

October 1, 2018

November

Thursday

November 1, 2018

December

Friday

November 30, 2018

     
 

2019

 

January

Wednesday

January 2, 2019

February

Friday

February 1, 2019

March

Friday

March 1, 2019

April

Monday

April 1, 2019

May

Wednesday

May 1, 2019

June

Friday

May 31, 2019

July

Monday

July 1, 2019

August

Thursday

August 1, 2019

September

Friday

August 30, 2019

October

Tuesday

October 1, 2019

November

Friday

November 1, 2019

December

Friday

November 29, 2019

* 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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