STRS Ohio Issues “Partial” Benefit Payments
To apply for service retirement, request a Service Retirement Application directly from STRS Ohio at least three months, but no more than 12 months, before your retirement date.
Your employer will be notified of your retirement the latter of when you file your application or two months before your retirement date.
If your fully completed Service Retirement Application is received by STRS Ohio at least 30 days 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 three or more partial payments. Once exact information is available, any balance will be retroactive to your effective date of retirement and paid as a catch-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. No partial payments or regular payments will be issued if STRS Ohio is waiting for clarification of a court order providing for payment of a continuing benefit to a former spouse after the member's death.
Your benefit is final on your effective date of retirement. At this time, your account is cashed out and you cannot change your decision to retire.