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.
You can apply for direct deposit at any time. If you are already having your monthly benefit deposited electronically, and you wish to switch financial institutions, you can now do this within MY PERA if you are a registered user. Otherwise, you will need to complete a new Direct Deposit Agreement form and submit it to PERA. If you are having your monthly benefit deposited electronically, we ask that you keep us informed of any address change so we can mail you newsletters, letters and forms necessary to file your taxes.