PBGC Payment Dates
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 payment dates through January 2021 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 Month | Direct Deposit Payment Date | Check Mail Date |
|---|---|---|
| January 2020 | January 2, 2020 | December 27, 2019 |
| February 2020 | January 31, 2020 | January 29, 2020 |
| March 2020 | February 28, 2020 | February 26, 2020 |
| April 2020 | April 1, 2020 | March 27, 2020 |
| May 2020 | May 1, 2020 | April 28, 2020 |
| June 2020 | June 1, 2020 | May 27, 2020 |
| July 2020 | July 1, 2020 | June 26, 2020 |
| August 2020 | July 31, 2020 | July 29, 2020 |
| September 2020 | September 1, 2020 | August 27, 2020 |
| October 2020 | October 1, 2020 | September 28, 2020 |
| November 2020 | October 30, 2020 | October 28, 2020 |
| December 2020 | December 1, 2020 | November 25, 2020 |
| January 2021 | January 4, 2021 | December 29, 2020 |
| February 2021 | February 1, 2021 | January 27, 2021 |
| March 2021 | March 1, 2021 | February 24, 2021 |
| April 2021 | April 1, 2021 | March 29, 2021 |
| May 2021 | April 30, 2021 | April 28, 2021 |
| June 2021 | June 1, 2021 | May 26, 2021 |
| July 2021 | July 1, 2021 | June 28, 2021 |
| August 2021 | July 30, 2021 | July 28, 2021 |
| September 2021 | September 1, 2021 | August 27, 2021 |
| October 2021 | October 1, 2021 | September 28, 2021 |
| November 2021 | November 1, 2021 | October 27, 2021 |
| December 2021 | December 1, 2021 | November 26, 2021 |
| January 2022 | January 4, 2022 | December 29, 2021 |
For your convenience, here are the printer-friendly PDFs:
- 2020 Direct Deposit Payment Dates
- 2020 Check Payment Dates
- 2021 Direct Deposit Payment Dates
- 2021 Check Payment Dates