SFERS strongly encourages all retired members and beneficiaries to have your monthly retirement allowances directly deposited into your bank account. By electing an Electronic Funds Transfer (EFT), your (survivor’s) monthly allowance will generally post to your bank account no later than the evening of the payment authorization date (last day of the month). This means you typically have access to your monthly allowance earlier than if you are waiting to receive a check through the mail.
Additionally, an EFT assures that your monthly allowance payments will be available in a timely manner regardless of disruption or delay in mail delivery. To sign up for EFT, complete and return an EFT form.