When do retirement checks/direct deposit statements get mailed out?
Your benefit is paid on the first of the month for that month, and is taxable. The benefit may be taken as a check, or be directly deposited into a checking or savings account. Retirement checks and direct deposit statements are sent out on the last day of the month for the following month. Direct deposits are generally in your account on the last day of the month. For example, your January benefit would be mailed to you on the last day of December. 32. What do I do if I don’t receive my check? If you do not receive your check in the mail, you may contact the Plan. A stop-payment can be placed on the check you did not receive, and a new check will be reissued. The Plan can only replace checks that have not been received after 6 business days. 33. Do retirees get an annual cost of living adjustment? A Cost of Living Adjustment (COLA) is voted on by the Retirement Board each year, but it is not a mandatory adjustment. 34. What is the Social Security Makeup Benefit? The Retirement Board w
