If you receive your retirement check through the mail, you accept responsibility for the availability of your benefit because of mail delays or lost or stolen checks. The NHRS does not place a stop payment on a check until we have been notified in writing that a stop payment is requested. It takes an additional 7 to 10 days for the NHRS to issue a replacement check. Direct deposit is convenient. Because the NHRS sends your retirement benefit directly into your account, there is no need for you to make a trip to your financial institution.
Direct deposit is safe.
Because your retirement benefit is sent directly into your account, there is no chance of a lost or stolen check. Direct deposit is dependable. Because the NHRS transfers your retirement benefit electronically, there is no mailing delay. Your funds are immediately available to you. The NHRS makes deposits on the last day of each month.