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Benefit Payments

IPERS distributes benefit payments on the last business day of each month (see the dates listed below). Most members elect to have their payment deposited directly into their bank account. This method is the most secure and timely. If you choose to receive a paper check by mail, IPERS charges a $1.00 administrative fee for each check.

2020 Schedule

MonthChecks MailDirect Deposit
January2931
February2628

March

2731
April2830
May2729
June2630
July2931
August2731
September2830
October2830
November2430
December2931

2021 Schedule

MonthChecks MailDirect Deposit
January2729
February2426

March

2931
April2830
May2628
June2830
July2830
August2731
September2830
October2729
November2430
December2830

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