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If I retire in June and receive my summer pay (lump sum) in June, will I receive adjustment later if an increase is negotiated by the union upcoming July?

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If I retire in June and receive my summer pay (lump sum) in June, will I receive adjustment later if an increase is negotiated by the union upcoming July?

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Answer. If you retire in June, you will receive a lump sum pay in June that will be your last check (final settlement) and your checks will not run through the summer, so there will be no adjustment for increases, if any, for upcoming July for you.

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