Pension payment schedule

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*Direct deposit statements are only produced and mailed:

• when your first direct deposit is made;
• when there is a change in the amount of your direct deposit from the prior month (for instance, if you change the amount of your federal tax withholding or your insurance premium changes);
• when the MTRS needs to inform retirees of new information and prints a special notice on the top portion of the direct deposit statement; and,
  at the end of December, when the MTRS provides you with a statement that shows your complete year-to-date information for the calendar year.

**Checks are issued on the check mailing date and payable on the direct deposit date. If you receive your check before the date it is payable, please do not cash it until the payable date.

Moving or going to a temporary address? Please be sure to change your address with us to ensure that you receive your checks or direct deposit statements.