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 run processing date (RPD)
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 current operating month (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 3/22/18
(the day after the End of COM for March) would have a payment date of 4/1/18, the
first workday in the following month, even though this is 8 workdays from the date
on PHUS. Continue with the rule of 4 workdays, when 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.
Our system releases an IDD PMA payment on 3/10/18. The payment date is 4 workdays
from then, 3/15/18.
An IDD payment has a PHUS date of 3/22/18, the day after the END of COM for March.
The payment must be paid in April. It is at least 4 workdays until 4/1/18, so that
is the payment date. This is also the payment date for IDD PMA payments released on
3/23/18 through 3/28/18.
Our system releases an IDD PMA payment on 3/29/18. Four workdays from that date is
4/4/18, which is the correct payment date.