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A reminder regarding retirement benefit processing time frames.

Most retirement benefits are processed within 4 to 6 weeks after PSERS receives all of the following information:

  • Properly completed application(s)
  • Date of termination
  • Your last salary and service as reported from your employer

If you terminate employment in June and receive your final pay in August (balance of contract payments throughout the summer months), you will likely receive your first retirement benefit payment in October.  

Examples for most school employees:

You terminate June 15

Employer pays you through June

Employer provides final information to PSERS in July*

Your final retirement benefits is paid in August

You terminate June 25

Employer pays you through August

Employer provides final information to PSERS in September*

Your final retirement benefit is paid in October

* Termination, salary, and service information is due from employers by the 20th of each month for the prior month (June information is due by July 20th).
If PSERS does not have your last salary and service reported from your employer by the expected date, you may be paid an estimated benefit.  If so, you will be paid a final benefit within the next 13 months.  For example:

You terminate June 15

Employer pays you through June

Final reporting from employer is expected in July but not received timely

Your estimated retirement benefit is paid in August of the current year

Your final benefit will be processed within the next  12 months

You terminate June 25

Employer pays you through August

Final reporting from employer is expected in September but not received timely

Your estimated retirement benefit is paid in October of the current year

Note: Non-routine accounts such as an account involving a divorce, multiple service membership, previous PSERS retirements, or other extenuating circumstances may take longer to process.

 

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