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No more paper checks for state retirees
Posted: 04.13.2012 at 6:06 AM
Janet Parker

Janet Parker serves as a co-anchor of Good Day Columbia where she brings you the day's top stories from 5-9 a.m. each weekday.

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COLUMBIA (WACH) -- Retired public workers in South Carolina will soon be required to receive their monthly payments electronically.

The South Carolina Retirement Systems announced Thursday it will no longer send paper checks starting July 1.

Spokeswoman Megan Lightle says, "All retirees who receive their money by check received notice of the change and instructions for signing up for direct deposits in their bank account. Retirees who don't provide the necessary information for direct deposits will receive their money through a prepaid debit card starting with July's payment."

According to agency officials, the required electronic payments will reduce risks, improve efficiency and save money for the state retirement plans.

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