Maryland state pension system launches convenient sign-up for direct deposit
For years, retirees receiving a monthly benefit from the Maryland State Retirement and Pension System had to visit their savings institution to sign up for direct deposit of their monthly benefit. No more!
A new process launched in November provides payees with two convenient options to register for direct deposit:
- Payees may register online using mySRPS, the Maryland State Retirement Agency’s secure website. Click here to access mySRPS.
- Payees who prefer using a paper form may print the new Direct Deposit Authorization by clicking here. The completion of a form by a bank employee is no longer required.
The new process will be quicker and includes multiple safeguards to protect retiree’s personal bank information.