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Payments When Legal Holiday or Sunday Is the First Day of the Month
(Posted August 27, 2013)
Question 1051: Because September 2013 has a Sunday and a legal holiday on the first two days of the month, will my wife's Railroad Retirement payments be late?
Answer: Railroad Retirement Payments are usually made on the first business of the month for the preceding month. Today, almost all payments are made by Electronic Funds Transfer (EFT). Most financial institutions credit the accounts so the funds are available on the first of the month.
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