The last day of the month is normally the best day to resign. Annuity benefits are paid on the 1st day of the month for the full month. No annuity is paid for a partial month. EXAMPLE 1 – Resignation date – June 30. Your first annuity payment will be for the month of July. Your first payment would arrive on or about September 1st and would cover the months of July, August and September. EXAMPLE 2 – Resignation date – July 1. Your first annuity payment will be for the month of August. No annuity payment would be issued for the month of July. Your first payment would arrive on or about September 1st and would cover the months of August and September.