What is the difference between the last day worked, the termination date, and the retirement date?
The last day worked is the last day of active service, which could include paid leave. The termination date, for an active member, is the last day of active service. For an inactive member, the termination date is the earlier of the date the member terminates service, the date the member is terminated by the employer, or two years after the date of contributions on active service. The retirement date is the first day following the date of termination of service.