Is direct deposit mandatory?
Yes, it is with one exception. A waiver may be requested if direct deposit causes a hardship. The waiver is requested by writing the Executive Director of the State Retirement Agency and explaining why direct deposit causes a hardship. If the waiver request is denied, direct deposit is mandatory. If denied you will be notified of your right to request a hearing. • When are pension payments deposited into my bank account? Payments are always deposited on the last business day of each month. • How long will it take for my retirement check to be direct deposited? Direct deposit will take effect with either your first or second retirement check. • How will I know if my pension payment has been deposited into my account? Retirement checks are direct deposited the last working day of each month. The first month your check is direct deposited, you will receive an Automatic Deposit Advice mailed to your home. Thereafter, Automatic Deposit Advice slips are mailed only for the months of January
Yes. All new hires, including part time faculty, occasional workers and student employees are required to have direct deposit of their pay. This requirement must be met within 30 days from the date of hire. The Direct Deposit Authorization Form can be downloaded from the Forms section of this web site.
Any employee who is a 10-month employee but elects 12-month pay must sign up for direct deposit. This election is made when you sign your contract each school year. All other employees have the choice, but we highly recommend you choosing direct deposit. We cannot guarantee check delivery on payday when we are closed due to inclement weather. But direct deposit is effective on payday through rain, sleet or snow!
