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Get OPM Benefits Administration Letter 1998-2024

Law 104-134, effective July 26, 1996, requires all Federal retirees and survivors to be paid by direct deposit through Electronic Funds Transfer (EFT), unless they certify that they do not have a checking or savings account. The revised version of the FERS Application for Immediate Retirement, provides a section for making an election to either receive annuity payments by direct deposit or to certify that the applicant does not have a checking or savings account, to comply with this requirement.

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