Direct Deposit and Payment Schedule

Instead of mailing you a check, we can deposit your monthly retirement benefit right into your account.

Why use direct deposit?

• It’s free
• Your money is available immediately, even if you are not home
• Not dependent on the mail
• Protects against check theft
• Simple to sign up

FORMS

Direct Deposit Form

The Retirement System will only deposit your benefit payment into a savings or checking account on which your name appears. The Retirement System will not deposit into an account that is a group account for money market, managed fund or brokerage accounts.

Complete a Direct Deposit form (K-15B) and fax or mail it to the Retirement System office.

2008 Direct Deposit Schedule
Direct deposits are generally made on the last working day of each month. Please keep in mind that there is always a chance, however rare, that something beyond our control may happen that could affect the timeliness of retiree payments. Other businesses and State agencies are also involved with the payment process. For this reason, the actual payment date may vary slightly.