Payment Schedule

Overview

Benefit Payment Schedule
2020

Payment Month

Payment Day

Benefit Payment Date

January Thursday January 2, 2020
February Friday January 31, 2020
March Friday February 28, 2020
April Wednesday April 1, 2020
May Friday

May 1, 2020

June  Monday June 1, 2020
July Wednesday July 1, 2020
August Friday July 31, 2020
September Tuesday September 1, 2020
October Thursday October 1, 2020
November Friday October 30, 2020
December Tuesday December 1, 2020

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.