Interim Pension Checks – What’s Taken Out?
- Interim checks are received when an individual retires but their pension hasn’t been fully adjudicated yet.
- The process of fully adjudicating a retirement can take several months.
- During this time, retirees receive an interim pension check, which is only between 40 to 60% of what they deserve.
- State taxes, dental insurance, vision insurance, and long-term care expenses are not covered by the interim pension check and need to be paid separately.
