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Important Benefit Payment Information

Nov 24, 2020, 08:40 AM by MOSERS

Please inform your employees that all retirement benefits beginning on or after January 1, 2021, will be paid via direct deposit. Not only is this method more efficient but it is also more secure. This paperless option allows their benefit payment to be transferred to their account faster and with ease. Currently, we issue more than 99% of existing retiree and survivor payments by direct deposit. This process will be mandatory and members will no longer have the option to opt-out of direct deposit. Please note that anyone currently receiving paper checks will continue to receive paper checks unless they make a change.