Notice: While reasonable efforts have been made to assure the accuracy of this information, this is an unofficial version of the MTRS regulations, and is for informational use only. For the official, printed version, please contact the State Bookstore (see http://www.sec.state.ma.us/spr/sprcat/catidx.htm for more information).

   Section
   18.01
   18.02
   18.03

807-18.01

   Members or beneficiaries entitled to receive a retirement allowance or monthly survivor allowance provided for under the terms of chapter 32 shall designate, on a prescribed form, a financial institution and account to which shall be directly deposited any payments under any such allowance. This requirement shall apply only to allowances with an effective date on or after the effective date of this regulation.

807-18.02

   Payment of any such allowance (except for health insurance and appropriate tax deductions) may be suspended for so long as the member or beneficiary fails to designate such institution or account after having a reasonable opportunity to do so; provided, however, that after such designation is made, the amount of such allowance that was not paid during the suspension shall be paid retroactively.

807-18.03

   Notwithstanding 18.01 above, the Executive Director may, upon written request, in his/her discretion allow payment by paper check in unusual circumstances that he/she believes warrant such an exception.

   REGULATORY AUTHORITY: 807 CMR 18.00: M.G.L. c. 15, §16,
   M.G.L. c. 32, §§ 13(1), 20(5)(b)