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PENSION PAYMENT DIRECT DEPOSIT AUTHORIZATIONPLEASE HAVE IN OUR OFFICE NO LATER THAN SECTION I (TO BE COMPLETED BY THE RETIREE)I hereby authorize Bank of America as agent for the Custodian of the City

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What is pension payment direct deposit?

Pension payment direct deposit is a method of electronically transferring pension funds directly into a recipient's bank account.

Who is required to file pension payment direct deposit?

Pension providers and employers are required to file pension payment direct deposit for their recipients.

How to fill out pension payment direct deposit?

To fill out pension payment direct deposit, providers need to provide recipient's bank account information, pension amount, and other required details in the direct deposit form.

What is the purpose of pension payment direct deposit?

The purpose of pension payment direct deposit is to securely and efficiently transfer pension funds to recipients' bank accounts.

What information must be reported on pension payment direct deposit?

On pension payment direct deposit, providers must report recipient's bank account number, routing number, pension amount, and any applicable deductions.

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