Payment Dates and Information
Payment Dates
Deposit and check dates
Payment Information
It is mandatory for all payees to receive their monthly allowance through direct deposit to their financial institution. Payments are issued on the last business day of each month. Funds post immediately to the payee’s bank account.
Payees receiving direct deposit will be mailed an advice slip only in January, July, and in any month in which there is a change to their net payment amount, financial institution account number or routing number.
| 2020 | Deposit Date | Check Date |
|---|---|---|
| January | Friday 31 | Friday 31 |
| February | Friday 28 | Saturday 29 |
| March | Tuesday 31 | Tuesday 31 |
| April | Thursday 30 | Thursday 30 |
| May | Friday 29 | Saturday 30 |
| June | Tuesday 30 | Tuesday 30 |
| July | Friday 31 | Friday 31 |
| August | Monday 31 | Monday 31 |
| September | Wednesday 30 | Wednesday 30 |
| October | Friday 30 | Saturday 31 |
| November | Monday 30 | Monday 30 |
| December | Thursday 31 | Thursday 31 |
Update Direct Deposit
To change the bank or the bank account where your monthly retirement allowance is deposited, you must complete and submit a Form 85: Direct Deposit Electronic - Funds Transfer Sign-Up.
You must complete Section I of the form and a representative of your financial institution must complete Section II.
It takes between 30 – 45 days to update your direct deposit information. Therefore, do not close out the bank account where your monthly retirement allowance was previously deposited until you see that the deposit is now being made to your current.