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Retirement matters Blog

2018 January Benefit Payments

Wednesday December 20, 2017

If you receive monthly benefits from PBGC through direct deposit, you may have noticed that your payment is deposited early when the first of the month falls on a weekend or federal holiday. January is the exception. For tax purposes, your January payment must not be distributed in 2017. January 2018 payments will be deposited on Tuesday, January 2, 2018.

For planning purposes, view all 2018 PBGC Payment Dates for direct deposit and paper checks. If you get a paper check and have not received it by January 8, please call us at 800-400-7242 or visit our Contact Us page for other options.

Want to receive future payments more quickly? Remember, PBGC offers direct deposit. It's the most secure and fastest way to receive your payment, and your funds are always available on payday — even if the weather's bad, the post office is closed, or you're out of town. To learn more or sign up for direct deposit, please visit MyPBA or call 800-400-7242.

For 2018, Congress has approved a monthly 2.0% cost-of-living adjustment increase for Social Security and Supplemental Security Income (SSI) benefits only. It did not establish similar measures for PBGC payments. Your benefit amount will not increase with inflation.

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