Pension Payment Calendar
Fact Sheet #713

Fact Sheet

2020 Pension Payment Calendar

2020 Check Mailed Direct Deposit
January Jan. 29 Jan. 31
February Feb. 26 Mar. 2

Mar. 23*

Mar. 31
April Apr. 28 Apr. 30
May May 27 June 1
June Jun. 26 June 30
July July 29 July 31
August Aug. 27 Aug. 31
September Sept. 28 Sept. 30
October Oct. 28 Nov. 2
November Nov. 25 Nov. 30
December Dec. 29

Dec. 31

*March check was mailed early due to the COVID-19 pandemic.

Pension Check Notes

All paper checks are mailed 2 business days before the last day of the month and are made payable on the last day of the month. If the last day of the month falls on a weekend, the check is mailed on the Wednesday before the last day of the month.

Please allow until the 10th of the month to report a lost check before contacting NYCERS. A NYCERS representative will first verify if your last check was returned to our office for any reason. If not, fill out and submit Form #399 — Lost Check Affidavit.

Upon receipt of a properly completed Form #399, a replacement check will be issued within 5 business days.

If you are receiving a paper check and would like NYCERS to deposit your funds directly into your bank account, please fill out and submit Form #380 – Authorization for Electronic Fund Transfer of Monthly Retirement Allowance.

EFT Notes

All funds are electronically deposited into your bank account on the last day of the month providing it’s a business day. If the last day of the month occurs on a weekend or holiday, the funds will be deposited on the next business day.

EFT transfers are governed by The Electronic Fund Transfers Act (15 United States Code §1693 et seq.), and the rules of the National Automated Clearing House Association (NACHA). In accordance with these laws and rules, the deposit takes effect on the last day of the month, and the funds will clear only on a business day. i.e., not a legal banking holiday or a Sunday.

If your bank account has been closed, NYCERS will receive the funds back from the bank electronically. You must contact NYCERS’ Call Center at (347) 643-3000 to have a replacement check mailed to your home address.

A replacement check for returned funds will be issued within 5 business days from the date of contact if your address has been verified.