By The Member Services Team
The effective retirement date for active members is the first day of the month after your last month of employment, assuming your retirement application is approved.
If the ERB doesn’t receive your final salary and service information from your employer by the expected date, you might initially receive an estimated benefit
Example of an Estimated Benefit Payment
Let’s say you leave your job on June 30th.
- Your effective retirement date would be July 1st.
- Your employer would pay you through June.
- The ERB expects to receive your final employment report in July.
However, if that report is delayed, your estimated retirement benefit might be paid in July. If this happens, your final benefit will then be processed and paid within the next quarter.
Please note: Accounts that are more complex, such as those involving divorce, multiple periods of service, previous ERB retirements, or other unique situations, may take longer to process.