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.