ARCOIreland members will be aware from a previous posting on this website that Payable Orders (i.e. the payment of pensions by cheque) will be abolished from 30 August 2013 under the Public Service Reform Plan. After that date public service pensions will be paid by Electronic Funds Transfer (EFT) only and no other facility will […]
Tag Archives: Payment
The vast majority of military pensions are paid by what is known as ‘ Electronic Funds Transfer’ (EFT) into personal bank accounts. Under the Government’s Public Service Reform Plan, it has been decided the payment of state pensions by cheque will be phased out by mid-2013. The Department of Defence has informed us that they […]