Dear Benny
What factors do I need to consider when choosing my retirement date?
Many of our members take advantage of the yearly COLA of up to 3% by retiring on or before April 1. We also suggest choosing the first Friday of a new pay period as your retirement date to ensure you receive the full 80 hours worked in a pay period when we calculate your FAS.
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Dear Time Tracker,
Many of our members take advantage of the yearly COLA of up to 3% by retiring on or before April 1. We also suggest choosing the first Friday of a new pay period as your retirement date to ensure you receive the full 80 hours worked in a pay period when we calculate your FAS.
Lastly, you can log on to your myOCERS portal and use the Benefit Estimator with any date of retirement you’re considering. This can be changed and recalculated to find the estimate that works best for you. Above all, there is no wrong date to retire.
Plan for your retirement here: https://www.ocers.org/planning-your-retirement.