Monthly Payment Dates
PSERS pays monthly retirement benefits on the last working day of the month for which they are due. However, because PSERS’ group health insurance premiums are payable in advance, your medical deduction is for the following month. For example, PSERS will pay your January benefit on January 30th, but the medical deduction is for February.
Payments sent via electronic transfer to your financial institution should be in your account by 9:00 AM on the last business day of the month. Payments mailed to your home address may take additional time to reach you.
|Benefit for Month of:||In 2013 Paid on:||Medical Deduction for Month of:|
|December||December 31||January 2014|
|Benefit for Month of:||In 2014 Paid on:||Medical Deduction for Month of:|
|December||December 31||January 2015|