Ask The Experts: Retirement

By Reg Jones

When will annuity payments begin?

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Q. I plan on retiring on June 28, 2014. When should I expect my first annuity payment?

A. I can’t tell you that. What I can tell you is that you would be on the annuity roll in July, with your first month’s annuity payable on Aug. 1. Depending on much time it takes your agency to get your paperwork to OPM, you might not see your first interim payment until September. When your annuity is finalized, you’ll receive any additional money you should have received but didn’t.

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