Want to save a trip to the bank? Set up a direct deposit for your monthly retirement benefit. Your monthly benefit payment will be automatically deposited into your bank, credit union, savings, or loan account. Funds are deposited on the first business day of the next month.
To set up a direct deposit, complete and return the Electronic Funds Transfer (EFT) Form (Form 209). This form must be returned to CCCERA by the 15th of the month. If you choose to deposit your funds to a checking account, a voided check must be included.
On the pay date following the receipt of your completed Electronic Funds Transfer (EFT) Form (Form 209), a test deposit will be sent to your bank. If there are no issues, your benefits will be deposited into your bank account the next month and each month thereafter. A benefit advice notice will be mailed every month notifying you of each deposit.
If you wish to make changes to your direct deposit, you will need to submit a new Electronic Funds Transfer (EFT) Form (Form 209). If you would like to stop your direct deposit, you will need to notify CCCERA in writing.