Prior to retirement, you must complete the Authorization for Direct Deposit. It is a simple, one-page form that takes just a few minutes to complete. You must have it on file with OPERS no later than the 5th day of the month your benefits are to begin. For example, if you retire July 1st you will receive 2 benefit checks the last working day of August. Therefore, you must have the form in by August 5th.
Effective July 1, 2001, newly-retired members shall be required to receive monthly benefit payments via electronic fund transfers to a banking or financial institution designated by the member. In the event the electronic fund transfer creates an undue hardship on the retiree, the member may make application to the Executive Director to request a waiver of this requirement. The waiver will be granted only upon good cause shown when it is determined to be in the best interest of the member. The Executive Director, at his or her sole discretion, may also waive this requirement when it is necessary in the best interest of the System to do so.
Click here to download the Direct Deposit Authorization form.