First benefit payment
You should receive your first benefit payment approximately 6 weeks after the retirement date indicated on your application. Please plan accordingly. The first check includes retirement benefits retroactive to the effective date of your retirement. For example, if your effective date of retirement is July 1 and your first check is issued August 20, it will include payment for two months.
The 6-week timeline assumes:
your application for retirement is in good order
you have provided MSRS with the required documents, and
your employer has remitted all contributions to your retirement plan
Failure to meet these requirements could delay your payment.
Important! Submitting your application early has no impact on this timeline. The reason for the delay is to ensure that your employer has remitted all contributions to your retirement plan.
Subsequent benefit payments
Payment is generally made the first business day of the month.
If direct deposit, payment should be in your bank account that day.
If payment made by check, it will be mailed to you the first business day.