Direct Deposit of your IMRF Benefit Payment

You will receive your benefit payment by direct deposit on the first day of every month.

Setting up new direct deposit

The fastest and easiest way to set up your direct deposit information is through your Member Access account.

If you recently retired, you most likely completed IMRF Form 1199 with your retirement application, and would not need to submit another form.

If you need another copy of the form or if you have changes to your direct deposit information, submit them through Member Access, or view and print IMRF Form 1199, Application for Direct Deposit (enterable and printable form).

If you need to change your direct deposit information

Account number changes with the same bank

If you are changing account numbers (but staying with the same financial institution), you can call 1-800-275-4673 and provide us with the new number or submit a new 1199 through Member Access.

If you are changing banks

If you are changing financial institutions, IMRF requires a new Form 1199, either through Member Access or a paper Form 1199.  We cannot accept financial institution or name changes over the phone or via email.

If you change your address

You must still advise IMRF of any change in your home address, even if your banking information does not change. Although your payments will be deposited directly, IMRF will continue to mail income tax statements and other correspondence to your home.  You must notify IMRF directly. Do not rely on a post office forwarding order.

If you do not inform IMRF of address changes, your Direct Deposit payments will cease!

Processing Time

Benefit payments are prepared in the middle of the previous month. Changes should generally be submitted to IMRF before the 10th of the month to be processed in time for the next benefit payment.

IMRF verifies your routing and account numbers once you submit a change. If this is not completed before we process your next payment, you will receive a check, and the following month’s payment will be directly deposited.

Direct Deposit is mandatory

After three paper check payments, future payments may be suspended until you enroll in Direct Deposit. Exemptions from Direct Deposit are reviewed on a case-by-case basis. If you think you qualify for an exemption, you must call a Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673) to begin the review process.