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October 2020 Benefits Payments Issued

October 30, 2020

Benefit payments for the month of October have been issued.  

COAERS highly encourages retired members to sign up for direct deposit of their monthly benefit payment. COAERS offers direct deposit to members to ensure that monthly benefit payments and refunds are securely delivered. Electronic transfers via direct deposit are an efficient, reliable, safe way to receive your monthly benefit payment.  

If you experience an issue with your direct deposit, and the scheduled direct deposit does not appear in your designated account, please contact your banking or financial institution immediately. While banks provide reliable and efficient systems to process transactions, there may be many factors that affect their processing time. Contact your bank directly to check the status of your direct deposit. 

We know how important your monthly retirement benefit is, so we work diligently to make sure that all benefit payments are issued without interruption. For information about how to sign up for direct deposit, visit www.coaers.org/Resources/Forms.  

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