Payment Schedule

PSPRS issues the monthly benefit payments on the last business day of each month and, while the payments are sent to the post office and financial institutions prior to the last business day, we need to allow time for the payments to be routed to you and posted to your account each month. 

If your payment is sent as a physical check to your mailing address, for security and efficiency purposes, it is recommended that you elect direct deposit by making this change on-line in your Members Only account, or you may access the direct deposit form from the Forms and Resources section of our website and return it by mail, fax, or scan/email.  

BENEFIT PAYMENT SCHEDULE

Payments are dated the last business day of each month for that same month.  For example, if the payment is dated December 31, it represents payment for December 1.

2019

  Friday, November 29

Tuesday, December 31

BENEFIT PAYMENT SCHEDULE

Payments are dated the last business day of each month for that same month.  For example, if the payment is dated December 31, it represents payment for December 1.

2020

Friday, January 31

 Friday, February 28

 Tuesday, March 31

Thursday, April 30

 Friday, May 29

  Tuesday, June 30

Friday, July 31

Monday, August 31

Wednesday, September 30

Friday, October 30

Monday, November 30

Thursday, December 31

 

Exit DROP Members

Pursuant to statute, PSPRS automatically issues the taxable portion of the DROP payment, with interest, into a 401(a) Public Safety Personnel Retirement Defined Contribution Retirement Plan (PSPDCPR or DC Plan) administered by Nationwide Retirement Solutions. If you have any previously taxed monies, those funds will be issued to you in the same manner as your monthly retirement payment, either by direct deposit or as a physical check.