Payment of Benefits

	Can I have my retirement benefit direct deposited in my bank account?
	Yes. The standard form of payment for receiving a benefit is direct deposit, which assures that your benefit payment will be automatically deposited in your checking or savings account on the last working day of the month. You will need to complete a Direct Deposit Authorization (Section A) and request that your bank complete Section B. Either you or your bank must return the completed form to MOSERS. We ask that you include a blank deposit slip or voided check to confirm bank and account numbers. You will receive a monthly payment stub detailing your withholdings and deductions.
	How often will I receive a benefit payment?
	Your MOSERS benefit will be paid once a month on the last working day. If you have been used to receiving your pay twice a month and quit work at the end of a month, you will receive two payments during the following month. Your final payment from the state for employment will be around the 15th of the next month, and your first benefit payment from MOSERS for retirement will be paid on the last day of the month.
	If my paycheck as an active employee is already sent to my bank by direct deposit, will my retirement benefit be deposited automatically?
	No. Even if you have direct deposit of your state payroll check, you must complete a Direct Deposit Authorization for your retirement benefit payment to be deposited to your account.
	How do I change my income tax withholding?
	You may change your withholding as often as you wish by completing and submitting a Substitute W-4P form. You can obtain the form from the MOSERS web site or by contacting MOSERS. When you have completed the form, you should submit it directly to MOSERS. MOSERS will not withhold state income tax for states other than Missouri. You should contact the appropriate state and local tax authorities to determine the tax liability of your MOSERS benefit.

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