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.
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 2023 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 2023||January 3, 2023||December 28, 2022|
|February 2023||February 1, 2023||January 27, 2023|
|March 2023||March 1, 2023||February 24, 2023|
|April 2023||March 31, 2023||March 29, 2023|
|May 2023||May 1, 2023||April 26, 2023|
|June 2023||June 1, 2023||May 26, 2023|
|July 2023||June 30, 2023||June 28, 2023|
|August 2023||August 1, 2023||July 27, 2023|
|September 2023||September 1, 2023||August 29, 2023|
|October 2023||September 29, 2023||September 27, 2023|
|November 2023||November 1, 2023||October 27, 2023|
|December 2023||December 1, 2023||November 28, 2023|
|January 2024||January 2, 2024||December 27, 2023|
|February 2024||February 1, 2024||January 29, 2024|
|March 2024||March 1, 2024||February 27, 2024|
|April 2024||April 1, 2024||March 26, 2024|
|May 2024||May 1, 2024||April 26, 2024|
|June 2024||May 31, 2024||May 29, 2024|
|July 2024||July 1, 2024||June 26, 2024|
|August 2024||August 1, 2024||July 29, 2024|
|September 2024||August 30, 2024||August 28, 2024|
|October 2024||October 1, 2024||September 26, 2024|
|November 2024||November 1, 2024||October 29, 2024|
|December 2024||November 29, 2024||November 26, 2024|
|January 2025||January 2, 2025||December 27, 2024|
If you receive monthly benefits from PBGC through direct deposit, we will deposit your benefit payment on the first business day in January.
Payments made by check will be mailed at the end of December. Due to the holidays, please allow extra time for mail delivery.
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