Published on 17 May 2011
Direct Deposit to be Preferred Method for PERF Benefit Payments
Direct deposit is hassle-free and convenient. And soon it will be the preferred PERF method to provide monthly benefit payments.
Legislation passed by the Indiana General Assembly allows PERF to select direct deposit as the preferred method of making monthly benefit payments to members.
Direct deposit eliminates waiting for the mail, standing in lines at the bank and the risk of a lost or stolen check. You will receive an annual statement showing all PERF direct deposits to your bank account.
Need more information regarding direct deposit?
Check with your bank, savings and loan or credit union for questions about direct deposit. If you don't have an account, consider opening one for your benefit check. Your banker may be able to help you open an account, possibly with little or no fees.
Contact PERF with your questions, toll-free, at (888) 526-1687 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. .
NOTE: RIPEA strongly endorses direct deposit as the preferred method of payment for monthly benefits.
