Retirees & Recipients
After your first pension payment, subsequent payments are paid on the first of each month.
Even though you are receiving a PERA benefit, it’s still important to stay connected to PERA.
Your dashboard provides you with important resources. Learn more about your benefit payment and find answers to frequently asked questions.
Benefit Payment Dates
Retiree & Recipient FAQs
Common retiree and benefit recipient questions.
When will I receive my first benefit payment?
You will receive your first benefit payment approximately three weeks after your benefit effective date. Your payment could be delayed if we receive your retirement paperwork less than 60 days before your benefit effective date. After your first payment is issued, all subsequent payments are sent on the first business day of each month.
When do tax forms become available?
1099-R forms become available on myPERA by January 2.This tax form will also be mailed to you before the last day of January.
Will my initial benefit amount change?
Your benefit payment could change. After your employer sends us final salary information, we recalculate your monthly benefit. If the final benefit differs from your first few payments, we will make retroactive adjustments and send you an updated letter with your final benefit payment information.
What does the beneficiary receive if I am a benefit recipient?
Upon your death a beneficiary will receive any remaining contribution balance in your account as long as no survivor benefits are payable. Most members will deplete their contribution balance within three to four years of collecting their benefit. This means there are usually no contributions left in a member’s account upon death to pay out to a beneficiary or estate.
Where do I get my Pension Award Letter or a Proof of Pension?
PERA calls this an Income Verification Report. You can download this report on demand in your myPERA account.