Retirees receive their retirement benefit each month. All new retired members are required to sign up for direct deposit to receive their benefit payment electronically. Your retirement benefit and DROP distribution (if applicable) will be deposited to your account on the last business day of each month. A statement of your retirement benefit will be sent to you the same day. If you receive your check by mail, your check will be mailed on the last business day of the month.
Direct deposit of your retirement benefit can be made to any qualified bank or credit union. Visit the Member Portal to complete and submit a new Direct Deposit form on line, or click below to manually download and complete the form.
Click here for the Direct Deposit Form.