News & Announcements

Notice to Retired PERA Members - Changes in Income Tax Withholding

Notice to Retired PERA Members - Changes in Income Tax Withholding

January 18, 2018

PERA is required to use new Internal Revenue Service income tax withholding tables which may modify the amount of taxes withheld from your pension benefit.

The new tables were published to reflect the new tax reform bill signed into law on December 22, 2017.

The new federal tax bill, includes changes to the tax rates and the taxable income brackets to which the rates apply.

You may wish to consult your tax advisor to see if your withholding amount is appropriate in light of these changes. For additional help, you may visit the IRS website at www.irs.gov and review IRS Withholding Tables Frequently Asked Questions. Please be aware that PERA cannot provide you with tax advice.

If you want to modify your tax withholding you must complete a new PERA Tax Deduction Form and submit it to PERA. This form is available here or by calling (505) 476-9300 or Toll-Free 1-800-342-3422.

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