About Your Payments

Monthly Payments

After your initial payment, your payments will be available on the first of every month. The January payment will be in your account on the first business day following January 1. SERS sends a bi-annual Retiree Focus publication in January and July, which will include a statement detailing your current gross monthly pension and deductions, and these amounts for the year-to-date. You also will receive a statement whenever there are any changes to your monthly payment amount.

You also can view your monthly payment information using Account Login. The Payments section of the secure site provides a breakdown of your payments and payment details for your next monthly payment. The Payments section also allows you to change your tax withholding and direct deposit information.

2025 Monthly Benefit Payment and Direct Deposit Schedule

Keeping Your Information Current

When you write to SERS, please make sure to give your full name and the last four digits of your Social Security number or your full Member ID.

Also, make sure you advise SERS of any change in address. Even if SERS deposits your check directly into your bank account, we still need your current home address. You can easily update your address using the My Profile section of Account Login.

You also must notify us when circumstances change, such as the death of a spouse if the spouse was covered by our health plan, or if you chose a Joint Life plan of payment.

Changing Your Beneficiary or Plan of Payment After Retirement

If you chose Plan A, C, or D for a beneficiary, and your beneficiary dies before you do, your pension will be adjusted to the Single Life amount. This is called a “Pop-Up.” If you chose Plan F for multiple beneficiaries, your pension will be adjusted if one or more of the beneficiaries dies before you do.

This can be done only under a Plan A, C, D, or F option. There is no “Pop-Up” application to a Plan E payment, where time limits apply on benefits.

If you selected Plan A, C, D, or F for your spouse, and you later divorce, your marriage is annulled, or your marriage is dissolved, your plan may be adjusted only with the consent of your ex-spouse or by an order of the court.

If you marry or re-marry after retirement, you can re-select a joint survivor plan for your new spouse. This is called a “Pop-Down.” You have only one year from the date of your marriage to Pop-Down.

If you are married, you should discuss your payment plan choice with your spouse. Upon your death, benefits stop unless you select a Joint Survivor Allowance – Plans A, C, D, or F. Plan E benefits continue only for the duration of the guaranteed period.