PERA provides direct deposit as a service for members. Your benefit will be electronically deposited in your account on the first banking day of the month if you complete a Direct Deposit Agreement.
Updating Your Direct Deposit
You may need to update your bank account information. To update your bank account information, log into myPERA or send PERA a completed Direct Deposit Agreement. We will send you written confirmation of any direct deposit changes after we receive your request.
Timing of Direct Deposit Change
If we receive your direct deposit request after the seventh of the month, a paper check may be mailed to you.
If you make a change after the 20th of the month, this change may not be applied to your next payment and your payment could be deposited into your old account.
If the PERA account is closed, it will bounce back to PERA and your payment will be sent as a paper check instead.
