Payment Dates and Information

Overview

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
Post

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 account.