opm retirement payment dates 2023 - Search
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  2. Retired and annuitant pay is due on the first of the month. However, if the first falls on a weekend or holiday, retirees are paid on the last business day of the month and annuitants are paid on the first business day of month. For example, in December 2023, retirees will receive payment on December 29, 2023.
    www.dfas.mil/RetiredMilitary/manage/payschedule/
    The COLA is announced in October and takes effect in December each year. The increased annuity payments will hit in January in any given year. So using the 2023 COLA as an example, it was announced in October 2022, it took effect in December 2022, and the new payments start hitting federal retirees bank accounts in January 2023.
    www.fedsmith.com/2023/01/07/when-will-federal-re…
     
  3. People also ask
    When will a retiree receive payment in 2023?For example, in December 2023, retirees will receive payment on December 29, 2023. However, annuitants are scheduled to receive payment on January 2, 2024. Please see the chart for each month in 2024.
    How many new retirement claims are coming to OPM in 2023?The Office of Personnel Management prepares for the end-of-the-year “surge” of new retirements that will be arriving at OPM next month. In January 2023, OPM received more than 12,000 new claims to be processed along with more than 24,000 claims waiting to be processed in the existing inventory.
    When does my retirement package go on to OPM?Staff in the payroll office must review your retirement package for completeness before it goes on to OPM. This generally occurs within 30 days of your separation date. Your payroll office is also responsible for your lump sum annual leave payment. Your First Check
    Should you retire on Dec 31 2023?The advantage of retiring on Dec. 31, 2023 is that you’d receive a retirement benefit payment for the month of January 2024. If you retired on Jan. 12, 2024, your retirement check would come March 1, 2024, for the month of February. In this example, the gain of waiting a little longer to retire outweighs the loss of one benefit payment.
     
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