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PBGC Blog: Retirement Matters

Timing of 2017 New Year's Holiday Will Have Impact on Pension Payments

Since Jan. 1 2017 falls on a Sunday and Jan. 2, 2017 is an observed Federal holiday, participants will not receive a pension benefit by direct deposit until Jan. 3, 2017. Paper checks, mailed before the first of the month, should arrive by Jan. 10, 2017. If you have not received a check by this date, please call us at 1-800-400-7242 or visit our Contact Us page for other options.

Want to receive future payments more quickly? Direct Deposit is the most secure and fastest way to receive your payment, and your funds are always available on payday. Visit our Payments page for more information, or view the upcoming electronic direct deposit dates. To learn more or sign up for direct deposit, please visit MyPBA or call 1-800-400-7242.

Tips:

  • Did you know you may be eligible to receive a Health Coverage Tax Credit (HCTC) that can pay a portion of your health care premiums? Find out more information and sign up for updates at PBGC's HCTC webpage.
     
  • PBGC's blog Retirement Matters helps keep you up to date on how we're working to serve you, enhance retirement security, and preserve the pension insurance system. Sign up on the Retirement Matters webpage.

Image of a check with the word bank

Millions of Americans take advantage of direct deposit. Whether it's their payroll checks, tax refunds, or benefit payments, many are opting out of paper checks and opting in to convenience.

We want you to know that PBGC offers that same convenience.

Undecided about whether you should switch to direct deposit? Our most recent studies show:

  • 8 out of 9 payment delays affect people who get paper checks
  • More than one in every 200 paper checks is delayed, usually because of postal issues

Paper checks can also be lost or stolen.

More...

Retiree grabbing envelopes from her mailboxIf you receive a direct deposit payment from PBGC, your funds will be deposited on January 2, 2013, one day after the New Year.  If you receive a paper check, and you have not received your paper check by January 7, call us at 1-800-400-7242 or visit our Contact Us page for other contact 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.  The future electronic direct deposit dates are already mapped out!

To learn more or sign up for direct deposit, call 1-800-400-7242 or visit MyPBA.