Apply at least two months before planned retirement date
By Kristen Dohrmann, Ohio Public Employees Retirement System
June 18, 2019 – If you’re planning to retire within the next few months, it’s important to allow yourself plenty of time to complete the retirement application process. Although you can apply for retirement up to six months prior to your retirement effective date, we recommend you apply at least two months in advance to allow enough time for OPERS to process your application and issue your first check.
Once you’ve selected your retirement effective date (the first day of the month following your last day of employment) and notified your employer, you’ll need to complete and submit your retirement application to OPERS.
Along with your application, you’ll be required to submit a number of additional documents that are necessary to process your retirement. You can submit copies of these documents to OPERS at any time during the application process – or any time during your working career.
It typically takes 30 business days to process a completed retirement application, so you can expect to receive your first benefit payment approximately 30 business days after OPERS receives all valid documentation from both you and your employer, or your retirement effective date, whichever is later.
If you chose a partial lump sum option payment, it will be released 90 days after your first benefit check.
Traditional Pension Plan participants are encouraged to apply for retirement online where you’ll be guided through each step of the application process. Applying online also means fewer errors and faster processing time. Members in the Combined and Member-Directed plans can access the appropriate retirement application online. At any time during the application process you can call us, and one of our representatives can talk you through the process.
To learn more about the retirement application process visit our Ready to Retire page.