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Recording Your Last Day of Work

When you apply to retire in miAccount, you will enter your anticipated last day of work in step one when estimating your pension. In miAccount, your retirement effective date will be calculated automatically.

Before applying to retire, become familiar with these definitions:

Last day of work: In most cases this is the date the employee and the employer end their relationship; it's often your last day of work or paid leave. This can be any day or date in a month.

Retirement effective date: This is the first day of the month following the month in which you have satisfied all eligibility requirements, terminated employment, and have submitted your online retirement application to the Michigan Office of Retirement Services. There are 12 effective dates (Jan. 1, Feb. 1, March 1, etc.).

 

Things to know:

  1. We will confirm your last day of work with your employer. 
  2. You can select any day of a month to terminate your employment. The retirement effective date is always the first day of a month.
  3. You must have a bona fide termination, meaning a complete severing of your employee-employer relationship, and you cannot have a promise of reemployment or a contract for future employment in place.