First Retirement Paycheck
What else does a Potential Retiree Need to Know...
First Retirement Check:
If a Retiree is initiating automatic deposit for retirement benefits, the first retirement paycheck will be a physical check. The second paycheck will be automatically deposited in the account requested on the Authorization for Automatic Deposit form.
Retiree Pay Dates:
StanCERA Retirees' are paid on the 1st working day of each month. Please be mindful of the fact that means monies may not always be available on the 1st of each month.
Retiree Payroll Changes:
All payroll changes must be submitted prior to the 10th of every month in order to become effective the following month. For payroll changes, please visit StanCERA's form page.
Social Security Estimator:
For Retirees choosing the Social Security Modification Option, please visit the Social Security website to produce your Estimate.
Important: Retiring with Social Security Modification Option and the Estimate a Retiree provides to StanCERA is irrevocable. Please ensure all the information you enter into the Social Security Estimator is accurate.
Divorce Decree & Marital Settlement Agreements:
It is the potential Retiree's responsibility to ensure StanCERA has a copy of their Divorce Decree and Marital Settlement Agreement prior to the disbursement of any retirement monies; your employer is not required to forward these documents.
If a Divorce Decree and Marital Settlement Agreement requires a Domestic Relations Order (DRO), StanCERA must be "joined" through the courts by the potential Retiree and/or Retiree's legal counsel.
