Monthly Retirement Payments
Medford Retirement System retirees are former city employees who receive a lifetime benefit. Survivors are beneficiaries of member/retirees who receive a survivor or death benefit. Retirement benefits are paid monthly by direct deposit on the last working day of the month and are accrued, for example your benefit payment on January 31 is for the month of January. All retirement benefits are paid by direct deposit. As a reminder, you will not receive a direct deposit statement every month. Direct deposit statements are only mailed when…
