Electronic Fund Transfer (EFT) of monthly retirement allowance is offered to retired New York City employees who receive monthly pension benefit. With EFT, the net monthly retirement allowance is automatically deposited into a checking or savings account on the payment date (the last day of the month). If the last day of the month falls on a weekend or on a bank holiday, the deposit will appear the next business day.
Deposits may be made to individual or joint accounts; trust accounts are not acceptable. EFT is safe, fast, reliable, and convenient; it eliminates the possibility of lost or stolen checks. To find out more information about Electronic Fund Transfer and obtain application forms, click on the respective pension fund website below:
Board of Education Retirement System65 Court Street, 16th Floor
Brooklyn, New York 11201-4965
(718) 935-5400; 800-843-5575 out of NYC
www.nycbers.org New York City Employees Retirement System
335 Adams Street, Suite 2300
Brooklyn, New York 11201-3724
(347) 643-3000; (877) 669-2377 out of NYC; TTY: (347) 643-3501
http://www.nycers.org New York Police Pension Fund
233 Broadway, 19th Floor
New York, New York 10279-2501
(212) 693-6888; out of NYC (888) 692-7733
http://www.nyc.gov/nycppf Teachers’ Retirement System
55 Water Street
New York, New York 10041
(212) 612-5400; (888) 869-2877
www.trsnyc.org New York City Fire Pension Fund
One Battery Park Plaza
9th Floor
New York, NY 10004
(718) 999-2327
www.fdny.org
You can also request EFT application forms by emailing the Community Action Center at action@comptroller.nyc.gov or call (212) 669-3916; (800) 800-6385 from out of NYC; (212) 669-3450 TTY.