Direct Deposit Transition
LAFPP is currently working toward transitioning all of our pensioners from paper checks to direct deposit. 97% of our pensioners currently use direct deposit to safely and quickly receive their monthly pension payments.
Direct deposit provides the following benefits:
- Funds available quicker than a paper check (your bank will receive the funds on the last working day of the month).
- Your direct deposit is never delayed due to weather, natural disasters, or mail delivery errors.
- Paper checks can be misplaced, lost, or stolen. Replacement of checks requires the completion of a notarized affidavit and receiving your replacement check may take up to six weeks.
- If you are away from home or traveling, your pension payments will automatically be deposited to your bank account and the funds will be available immediately. Additionally, you won’t need to worry about a paper check sitting in your mailbox.
You can make the transition to direct deposit directly from MyLAFPP.
Once you login to MyLAFPP, navigate to Retiree Benefits > Pension Payment > Update Pension Payment to make the change. There is no need to provide any forms if you sign up for direct deposit using MyLAFPP.
If you sign up for direct deposit on MyLAFPP or we receive your form before the 15th of the month, your transition will take effect that same month.
Please contact us by phone at (213) 279-3125 or toll free at (844) 88-LAFPP, extension 93125, or by email at firstname.lastname@example.org if you have any questions.