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Workers & Retirees

PBGC Payment Dates

January pension payments: If you are receiving monthly benefits from PBGC via direct deposit, your payment is deposited early when the first of the month falls on a weekend or federal holiday. For tax purposes, January is the exception to this rule. If January's payment arrived in December 2016, it would result in a tax liability for 2016 instead of 2017. For this reason, January 2017 direct deposit payments will arrive on or after January 3, 2017.

Direct Deposits

Direct deposit is a simple, fast, and secure way to receive payments, and it's free. These payments can be deposited directly into a bank account, savings and loan, credit union, or on a pre-paid debit card. Direct deposit payments are normally posted to accounts no later than the first business day of each month, but the actual date when you will receive your payment will depend on your financial institution. If the first of the month falls on a weekend or holiday, direct deposit payments will usually post before the first of the month. Direct deposit is available only if your account is with a U.S. financial institution. Apply for direct deposit.

Paper Checks

PBGC mails paper checks before the first of each month. However, PBGC cannot guarantee delivery on the first of the month. Normal mail delays, delays due to inclement weather or other uncontrollable events may result in checks being delivered later. If you have a bank account, we encourage you to choose direct deposit. It’s fast, free and a secure way to receive payments. For more information visit the Apply for direct deposit web page.

The table below shows the dates through December 2017 when direct deposit payments will be delivered and when paper checks, dated the first of the month, will be mailed. Direct deposit payments are usually available sooner than paper checks.

Payment MonthDirect Deposit Payment DateCheck Mail Date
January 2017
Tuesday, Jan.03, 2017**
Wednesday, Dec. 28, 2016
February 2017 Wednesday, Feb.01, 2017 Friday, Jan. 27, 2017
March 2017 Wednesday, March 01, 2017 Friday, Feb. 24, 2017
April 2017 Friday, March 31, 2017* Wednesday, March 29, 2017
May 2017 Monday, May 01, 2017 Wednesday, April 26, 2017
June 2017 Thursday, June 01, 2017 Friday, May 26, 2017
July 2017 Friday, June 30, 2017* Wednesday, June 28, 2017
August 2017 Tuesday, Aug. 01, 2017 Thursday, July 27, 2017
September 2017 Friday, Sept, 01, 2017 Tuesday, Aug.29, 2017
October 2017 Friday, Sept. 29, 2017* Wednesday, Sept. 27, 2017
November 2017 Wednesday, Nov. 01, 2017 Friday, Oct. 27, 2017
December 2017 Friday, Dec. 01, 2017 Tuesday, Nov.28, 2017

For your convenience, here are the 2017 printer-friendly PDFs for Direct Deposit Payment Dates and the Check Payment Dates.

* Please note that direct deposit items with asterisk indicate payment before the first of the month.

** Late payment - New Tax Year. If payments arrived in December, it would result in a tax liability for 2016 instead of 2017. For this reason, January direct deposit payments arrive on the first business day of January.