SERS 123: Pennsylvania Defined Benefit Plan Direct Deposit of Pension Payments

SERS 123 PDF Details

Part I is the payee agreement and Part II is the financial institution agreement.

Payee type: Check one: SERS Member, Survivor/Beneficiary or Alternate Payee.

Member SSN: If the payee is not a SERS member.

Account type: Check one. If an account type is not selected, the benefit cannot be processed.

First payment: Your first payment after this form is processed will be by check, mailed to your address on record.

Pension payments: Monthly pension payments are deposited on the last business day of each month.

Changes: If the payee wishes to change these instructions, the payee agrees to notify SERS at least 60 days prior to the effective date of such change.