LDIP stands for last day in pay, which is the last day the member physically worked for your unit. The last check date represents the last check received by the member from the unit. Often, the last check date’s pay period range includes the last day in pay reported for the member.

Reporting this information late can result in members seeing a delay or a miscalculation of their retirement benefit. Following these guidelines will make your exiting process less hassle and speed up the process!

Can I report my employee’s last day in pay (LDIP) during the termination process without affecting payroll reporting? 

Yes, when it comes to reporting LDIPs, the sooner, the better! We request employers report LDIPs as soon as their employees leave their positions. If your employees are retiring or switching jobs, this process allows them to access their funds more quickly and saves you a call from us! You can even submit the LDIP and LCD information directly into ERM up to 60 days before the LCD.

If you have any questions about entering a termination life event into ERM, call our Employer Advocate team at (888) 876-2707.