Payment Schedule

Overview

Benefit Payment Schedule

2024

Payment Month

Payment Day

Benefit Payment Date
November Friday November 1, 2024
December Friday November 29, 2024

2025

Payment Month

Payment Day

Benefit Payment Date
January Thursday January 2, 2025
February Friday January 31, 2025
March Friday February 28, 2025
April Tuesday April 1, 2025
May Thursday May 1, 2025
June Friday May 30, 2025
July Tuesday July 1, 2025
August Friday August 1, 2025
September Friday August 29, 2025
October Wednesday October 1, 2025
November Friday October 31, 2025
December Monday December 1, 2025
Disclaimer: Please be advised that ACH deposits should not be expected before the designated payment date. The timing of payment receipt is contingent upon the bank’s upload and subsequent processing and posting of the ACH. As such, the receipt of ACH payments are to be expected on the scheduled payment date provided above, with any earlier deposit subject to the bank’s processing procedures.

Download PDF: Benefit Payment Schedule - 2025

 

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.