Fillable Direct Deposit Authorization Form (Page 2 of 4) in pdf

Plumbers & Pipefitters National Pension Fund

Information about Direct Deposit

Into what type of accounts may pension payments be made by direct deposit?

Pension payments may be made by direct deposit into either your personal checking account or your

personal savings account.

Pension payments may also be made into a family trust account when a copy of the

trust agreement is provided to the Fund and additional forms are signed by you and the trustee(s). When direct

deposit is to be authorized by your legal agent (e.g., Power of Attorney, Guardian, etc.), additional forms are

required.

What is a Joint Account Holder?

A Joint Account Holder is anyone who can withdraw money from the account, has equal right to the account,

and generally has right of survivorship.

How do I sign up?

Three easy steps are needed to sign up.

1. Complete the attached Direct Deposit Authorization form on the front. You must read and sign the

back of the form in the space provided. All other holders/parties on the account, if any, also must

read and sign the back of the form in the space provided.

2. Have a Bank Employee complete and sign the Direct Deposit Authorization form in the space

provided.

3. Return the completed form to the Plumbers and Pipefitters National Pension Fund. A voided pre-

printed personal check or pre-printed personal savings account deposit slip must be attached. Please

remember that the form must be signed by you and all other holders/parties on the account in

the spaces provided on the back of the respective form. Failure to sign the form or provide the

required voided pre-printed personal check or pre-printed personal savings account deposit slip will

result in the delay of the direct deposit process.

Your financial institution representative can help you complete the Direct Deposit Authorization form and

answer any questions you may have about deposits made directly into your account.

What happens then?

If you are receiving a monthly benefit, your initial monthly payment will be mailed directly into your personal

account in order to verify that all the account information being transmitted is correct. Your subsequent monthly

payments will be made to your account on the first banking day of the month. If you are receiving a single

benefit payment, it will be mailed to your bank account. It’s that easy!

Who must sign the Direct Deposit Form?

The Pensioner/Beneficiary must sign the Direct Deposit Authorization form as the Payee/Account Holder in

the provided space on the back of the form. All other holders/parties on the account must agree to the terms of

the direct deposit agreement and sign the form in the provided space on the back of the form. If more than one,

each additional holder/party on the account, with the required information, must be identified on a list that is

attached to the Authorization, and each must sign a copy of the agreement.

Where is my processed monthly benefit payment history?

To review your payment history or 1099-R information, you need to log-in to our secure web page and set up

your personal login at

. If you already have a log-in as a participant prior to retirement use the

same log-in to see additional tabs on your personal secure page.

Direct Deposit Authorization Form Page 2