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Guides for Authorizing Direct Deposit
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Guide A. Direct Deposit provides you with these valuable benefits.
1. Convenience. With direct deposit you do not have to go to your bank or other financial institution to deposit your check. On
“payday” your money has already been deposited automatically.
2. Peace of Mind. With direct deposit you do not have to worry about receiving your retirement payment on time because of
mail delays or having your check lost or stolen.
3. Freedom. With direct deposit you know your payment will be automatically deposited to your account, whether you are on
vacation, traveling, or ill.
4. Money Making. With direct deposit your money gets in your account from one to ten days before a paycheck, so it goes to
work for you that much earlier.
5. Time Savings. With direct deposit you will have even more time to do the things you enjoy, since you do not have to make a
special trip to deposit your check.
6. Weatherproofing. Many times bad weather makes getting out to deposit your check inconvenient or even hazardous. With
direct deposit, you can do something about the weather - ignore it on those days when in the past you would have been forced to
go out to deposit your check.
To sign up for direct deposit or to change the account into which your benefit is deposited, simply fill out page 1 of this
authorization form and return it to the Retirement Systems Division at the address shown on this form.
Guide B. Important Facts About Your Direct Deposit
Your first retirement payment will be mailed to you on the 25th of the month. Thereafter, your retirement payment will be in your
account when your financial institution opens for business on the 25th day of each month, except in December, when it will be
deposited on the 20th. If the day the Retirement System is to make your deposit is Saturday, Sunday, or a holiday, then your
deposit will be made on the work day before the Saturday, Sunday, or holiday.
The Retirement System will send a notice of direct deposit only for the initial deposit or if your benefit amount has changed from
the prior month. You will not receive a notification unless there is a change from the previous month. Direct deposit is automatic;
however, you may contact the financial institution where your retirement payment is deposited if you have any questions.
www.myncretirement.com
You may view your payment history online by logging-in to ORBIT
(Online Retirement Benefits Through Integrated Technology) at www.
myncretirement.com. This secure, web-based system provides you with
full access to your personal retirement account. Through ORBIT, you
may also view tax withholdings, earnable allowance, and more. You can
also conduct secure online transactions, like changing your address or
ordering a new 1099R. Please visit www.myncretirement.com to see
what ORBIT has to offer you.
Thank you.
N.C. Department of State Treasurer, Retirement Systems Division
325 North Salisbury Street, Raleigh, North Carolina 27603-1385
(919) 733-4191 in the Raleigh area or (877) 733-4191 toll free
www.myncretirement.com
GUIDE