direct deposit
Persons first receiving monthly benefits from APERS on or after October 1, 1999 shall be required to participate in the electronic direct deposit program. Persons receiving monthly benefits before October 1, 1999 shall enroll in the electronic direct deposit program on or before April 1, 2000. Waivers may be granted to those persons who certify in writing that they do not have a savings or checking account.
There are many advantages to having direct deposit over a benefit check being mailed out. The most obvious is a check can be lost in the mail, or stolen out of a mailbox. In either case when a person contacts APERS about a lost benefit check, we are required to wait 14 days to see if it shows up in the mail BEFORE the process of generating a replacement check even begins. The process can take up to a week or more in itself.
A retiree who does not have direct deposit could find themselves waiting up to 21 days before they get a new check! We strongly encourage our members who do not have direct deposit to get it as soon as possible.
