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If you established an EFT account online or filed an EFT Authorization Form , your EFT would generally begin within 15-45 days after TRS' receipt of your request. If you filed an EFT Election at Retirement Form, your EFT would begin with your first monthly benefit payment. If you did not complete your form correctly, TRS would send you a letter indicating why your EFT could not be processed, and including further instructions and a new form to file, as applicable.

 

Before your EFT begins, TRS will send you a letter confirming the type of account (i.e., checking or savings), account number, transit routing number, and the financial institution to which payments are to be deposited. If you currently receive your monthly benefit payments via paper checks, your confirmation letter will also indicate when your EFT will start, as well as the date of your final paper check.