Benefit Payment Schedule

Benefit payments are distributed monthly in arrears, with checks or direct deposit payable on the last business day of the month.  We encourage all retirees to elect to have their benefit payments direct deposited to a bank account.  Although we mail checks at least two days in advance, we cannot guarantee prompt mail delivery by the Postal Service.

Since direct deposit is available to all retirees/survivors and in consideration of the cost to stop payment and reissue delayed checks, the Board has adopted the policy that checks will not be reissued for a minimum of 5 business days following the last day of the month.  If a delay in the receipt of a benefit check causes a financial hardship, retirees have the option of electing direct deposit.

Month Mailing Dates for Checks Direct Deposit Accounts Credited
January Friday, January 27, 2017 Tuesday, January 31, 2017
February Friday, February 24, 2017 Tuesday, February 28, 2017
March Wednesday, March 29, 2017 Friday, March 31, 2017
April Wednesday, April 26, 2017 Friday, April 28, 2017
May Friday, May 26, 2017 Wednesday, May 31, 2017
June Wednesday, June 28, 2017 Friday, June 30, 2017
July Thursday, July 27, 2017 Monday, July 31, 2017
August Tuesday, August 29, 2017 Thursday, August 31, 2017
September Wednesday, September 27, 2017 Friday, September 29, 2017
October Friday, October 27, 2017 Tuesday, October 31, 2017
November Tuesday, November 28, 2017 Thursday, November 30, 2017
December Wednesday, December 27, 2017 Friday, December 29, 2017