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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
| Month | Checks Mail | Direct Deposit |
|---|---|---|
| January | 29 | 31 |
| February | 26 | 28 |
March | 27 | 31 |
| April | 28 | 30 |
| May | 27 | 29 |
| June | 26 | 30 |
| July | 29 | 31 |
| August | 27 | 31 |
| September | 28 | 30 |
| October | 28 | 30 |
| November | 24 | 30 |
| December | 29 | 31 |
2021 Schedule
| Month | Checks Mail | Direct Deposit |
|---|---|---|
| January | 27 | 29 |
| February | 24 | 26 |
March | 29 | 31 |
| April | 28 | 30 |
| May | 26 | 28 |
| June | 28 | 30 |
| July | 28 | 30 |
| August | 27 | 31 |
| September | 28 | 30 |
| October | 27 | 29 |
| November | 24 | 30 |
| December | 28 | 30 |