Benefit schedule set for 2020

Payments usually made on the first business day of each month

By Donna Castiglione, Ohio Public Employees Retirement System

Jan. 2, 2020 – If you’re an OPERS retiree, you receive a pension each month. Here’s when our retirees can expect to receive their pensions this year.

OPERS typically issues pension benefit payments on the first business day of the month. If that day falls on a weekend or holiday, we’ll issue the payment on the last business day of the previous month. The exception to this rule is in January when, for tax purposes, the payment must be issued on the first business day of the month.

Please make note of the payment dates for 2020 in the list below. You also can call OPERS at the end of any month and listen to the automated “Fast Facts” message for these important dates. Simply press 2 for “Fast Facts.”

Monthly benefitPayment date
JanuaryJan. 2 (Thursday)
FebruaryJan. 31 (Friday)
MarchFeb. 28 (Friday)
AprilApril 1 (Wednesday)
MayMay 1 (Friday)
JuneJune 1 (Monday)
JulyJuly 1 (Wednesday)
AugustJuly 31 (Friday)
SeptemberSept. 1 (Tuesday)
OctoberOct. 1 (Thursday)
NovemberOct. 30 (Friday)
DecemberDec. 1 (Tuesday)

Donna Castiglione

Donna Castiglione is the assistant director of Member Services and has been with the Ohio Public Employees Retirement System for more than 13 years. She has extensive experience in customer service management in a variety of industries.

Donna Castiglione

Assistant Director of Member Services

12 thoughts on “Benefit schedule set for 2020

  • January 2, 2020 at 10:14 am
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    what is the last date you can retire in 2020 and still get a COLA increase in 2021?

    Reply
    • January 6, 2020 at 10:56 am
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      Under the current proposal, if you retire by Nov. 30, 2020, you’ll have an effective retirement date of Dec. 1, 2020 and will receive a cost-of-living adjustment on Dec. 1, 2021. But again, it’s still a proposal at this point. We encourage everyone considering retirement to schedule an appointment with our staff to review your options. You can call us at 1-800-222-7377 or schedule an appointment through your online account.

      Julie

      Reply
  • January 3, 2020 at 9:06 am
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    Previous comment on a windfall from SS for us retirees, where, when or what can we expect as its a NEW year & have not seen a penny?

    Please comment.

    Reply
  • January 3, 2020 at 11:48 am
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    i did not get cola. if retiree retired before 2013 they would get a three percent increase ???
    thanks for any information

    Reply
  • January 6, 2020 at 4:24 pm
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    Trying to find the allowance table percentage chart on your website . Not able to find it on your site. Please let me know or send me the chart.
    Thanking you in advance.

    Reply
  • January 15, 2020 at 8:39 am
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    Do you have more information on the news article in the Columbus Dispatch yesterday stating that state pensions are being frozen?

    And, that healthcare coverage could be eliminated?

    Reply
    • January 16, 2020 at 2:29 pm
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      The OPERS Board passed health care changes that will go into effect beginning Jan. 1, 2022. We will have more information in the next OPERS blog that will be available this week.

      In the meantime, the changes were outlined in a blog we published in August that you may find helpful, https://perspective.opers.org/index.php/2019/08/28/updates-under-consideration/. The cost-of-living proposal must be passed by the Ohio General Assembly and is pending in the state legislature.

      To ensure you are receiving the monthly Board Report, your member newsletter and other OPERS communications, please check your online account to make sure we have your correct email and mailing address. You can access your online account through opers.org.

      Julie, OPERS

      Reply
  • January 16, 2020 at 8:23 am
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    Does the 9-2 ruling effect the money given ea month to for VIA benefits ?

    Does 9-2 ruling effect amount added to pension to pay for Medicare penalty charged , because of the Humana advantage health coverage that originally given to retirees ?

    Please advise with details..

    Reply
    • January 17, 2020 at 3:15 pm
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      The OPERS Board passed health care changes that will go into effect beginning Jan. 1, 2022. You will continue to use the OPERS Medicare Connector to choose your health care coverage with the assistance of Via Benefits. You will continue to receive a monthly allowance in your Health Reimbursement Arrangement, or HRA, but your allowance amount will change beginning in 2022. We will have more information in the coming weeks.

      Reply

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