First annuity payment


Q. My official retirement date is Jan. 29, 2016. Am I correct in saying that I won’t receive my first annuity check until March 1?

READ: 10 questions all soon-to-be-retirees ask

A. No. While you’ll be entitled to your first annuity payment on March 1, it’s unlikely that you’d receive any payment before April 1. In all likelihood, that would be an interim payment, which would be a percentage of the actual amount you may be due. (Interim payments are made to reduce the possibility of overpayments.) When your retirement application is finalized, you’ll receive a retroactive payment to cover any shortfall occurring from March 1 forward.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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