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Electronic Funds Transfer Authorization Form


Monday, June 23, 2014

Current annuitants and survivors are required to have annuity checks directly deposited to a savings or checking account by electronic funds transfer (EFT). Direct deposit prevents late delivery, loss, or theft of your annuity check. In addition, if you are away from home, your money is deposited to your account. The direct deposit occurs on the first business day of each month.

As the Administrator of the Police Officers’, Firefighters’ and Teachers’ retirement plans, DCRB is required to take measures to ensure that we have accurate information and that you are receiving your annuity payments. To have your check deposited by EFT, you are required to complete the Electronic Funds Transfer Authorization Form and attach a personalized voided check or copy of a recent bank statement if the transfer will occur using your savings account. This form requires official notarization by a Notary Public.  For immediate processing, you may electronically send this form and attachments to Fax: (202) 566 -5001 or dcrb.benefits@dc.gov. However, you must mail the original documents to:

Member Services Center

DC Retirement Board

900 7th Street, NW

Second Floor

Washington, DC 20001

This form authorizes DCRB to send payments ("direct deposits") to the designated bank account. This document remains in effect until cancelled in writing prior to the distribution being processed. Please allow thirty (30) to sixty (60) days after this authorization is received by DCRB for payments to be deposited.

You may call the DCRB Member Services Center at (202) 343-DCRB (343-3272) or toll free at (866) 456-3272 and ask a customer service representative to mail a copy of the form. Please feel free to contact us if you have any questions or concerns about this process.

 

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