If your fully completed retirement application is received at least two months before your retirement date, we may issue a benefit payment on your retirement date. If the actual benefit amount is not calculated by your retirement date, a partial payment may be issued. Most members receive at least two partial payments. Once exact information is available, any balance will be retroactive to your effective date of retirement and paid as a clean-up payment, which is the difference paid to you after receiving partial payments and before your regular payments begin. Benefits are automatically deposited to your bank account on the first banking day of each month.

If your fully completed retirement application is not received at least two months before your retirement date, your partial payment will begin the first of the month following your retirement date.

Most members receive at least two partial payments.