Begin Main Content Area
Media > PSERS > Details

‚Äč

06/26/2020

Monthly Annuity Checks Mailed Early Should Be Held Until June 30 To Be Deposited

Approximately 11,000 monthly annuity checks dated for June 30, 2020, were mailed early through the United States Postal Service (USPS). If received early, PSERS annuitants are urged to wait until June 30 to deposit the check. Banks traditionally will not allow a check to be deposited prior to the payment date on the check.

Waiting until June 30 to deposit the check will avoid any problems from occurring. While the PA Department of Treasury has notified banks of this error, a bank might not allow the check to be deposited prior to June 30.

Any concerns by the financial institution can be addressed by the Treasury Bank Line at 717-783-8798. If an early attempt to deposit the check is rejected, waiting until June 30 or later should resolve the issue and allow the check to be deposited as usual.

We apologize for any confusion or inconvenience this may cause.