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
As a benefit recipient, you can change your direct deposit information two ways
Log into your myPERA account and update your bank information, or
Call the Member Service Center and we will mail a Direct Deposit Agreement form to you.
Complete and sign the form (e-signatures are not accepted)
Mail, fax, or drop off the form at our PERA office.
We will send you written confirmation of any direct deposit changes after we process 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.
