- If you elect to receive your pension benefit in the form of a monthly payment, there’s less time between when you receive your last paycheck and when your first pension payment will arrive. That’s because pension payments are made on the first of the month. For example, if you retire on March 29, you could receive your first payment on April 1 if you return all your paperwork on time. (If you choose a lump-sum cash payment, It takes 90 – 120 days following retirement to process.)
- If you participate in the Annual Employee Incentive Plan (AEIP) and work through Dec. 31 or the last business day of the year (you complete the first three months of the Plan’s fiscal year, which starts on Oct. 1) and there is a payout, you will be eligible for a portion of your bonus after you retire. For AEIP, retirement means on your last day worked: you are at least age 55 with 10 years of service or at least age 65 with 5 years of service. If you work through the 15th of your last month at Rockwell Automation, you will receive credit for a full month. Your bonus will be paid to you in December. For details about other incentive plans, talk to your HR representative.
