Because of the New Year’s Day holiday falling on Sunday in 2017, January benefit payments made by the Ohio Public Employees Retirement System will be posted to our members’ accounts on Jan. 3.
These payments cannot be made in December because of Internal Revenue Service regulations. The earliest we can make them is the first business day after the observation of the New Year’s Day holiday. Because the holiday is observed on Jan. 2, the payments will be made on Jan. 3.
With the first benefit payment of a new calendar year, you may notice a change in your monthly payment amount. This new total could be the result of tax changes, an increase in your health care coverage premium for 2017 or your cost-of-living increase.