Prior month accrual (PMA) payments are sent to FRBKC (through FMS) on a flow basis
one workday after the input. The payment is sent on the date of the action as displayed
on Payment History Update System (PHUS).
The payment date will be 4 workdays later. Therefore, it is safe to tell IDD beneficiaries
that a PMA payment will have a payment date approximately 5 workdays after the input to release the payment, or 4 workdays from the date on the PHUS, if it has already
EXCEPTION: If a PMA payment on PHUS is dated after the close of COM but before the next month,
it may include the payment for that month and therefore cannot by law be dated earlier than
the first day of the following month. For example, a payment on PHUS dated 3/22/05
(the day after the End of COM for March) would have a payment date of 4/1/05, the
first workday in the following month, even though this is 8 workdays from the date
The rule regarding 4 workdays continues, so as soon as there are fewer than 4 workdays between the date on the PHUS and the first workday of the following
month, the payment date moves to the date 4 workdays from the release date.
An IDD PMA payment is released on 3/10/05. The payment date is 4 workdays from then,
An IDD payment has a PHUS date of 3/22/05, the day after the END of COM for March.
The payment must be paid in April. It is at least 4 workdays until 4/1/05, so that
is the payment date. This is also the payment date for IDD PMA payments released on
3/23/05 through 3/28/05.
An IDD PMA payment is released on 3/29/05. Four workdays from that date is 4/4/05,
which is the correct payment date.