It takes time to process your Pension Plan and Retirement Savings Plan distribution elections, so you’ll want to plan your cash flow to accommodate a gap in time between your last paycheck and when you will receive those benefits (assuming you choose to receive them right after you retire). In general, here’s when you can expect to receive your Rockwell Automation retirement income benefits:
- Pension Plan: First of the month after you retire if you elect monthly payments, or 90 – 120 days after you retire if you elect a lump-sum cash payment. See “how and when to get your pension payments” for details.
- Retirement Savings Plan: As early as two weeks after you retire. See “distribution choices” for details.