Direct deposit is the fastest and most secure way to receive your benefit payment. Direct deposit is efficient, reliable, safe, and eliminates the possibility of delayed payments or lost checks. By signing up for Direct Deposit, retirement checks can be electronically deposited to your account in your financial institution without having to wait for the mail. To sign up for Direct Deposit, complete and submit the Direct Deposit form. If your account is ever changed or close, please notify COAERS and update your direct deposit form.