News & Announcements

2024 1099R Forms

2024 1099R Forms

January 22, 2025

Individuals who were pension and refund recipients during 2024 have been mailed a 1099R form to their address on file as of January 10th, 2025. PERA members and/or retirees (not beneficiaries or co-payees) can access 2024 1099R forms by logging in to their RIO Self-Service account at https://perass.state.nm.us/Sel.... If you need to request a duplicate or replacement 1099R please contact PERA on or after February 4th, 2025.

Frequently asked questions related to 1099R forms:

Q: I am attempting to file my taxes and the tax software does not recognize NM 35 reflecting in Box 15. What number can I use instead?

A: PERA's electronic filing number is 02150644002, NM or 35

Q: Why did I receive two 1099R forms this year?

A: If you were between the ages of 59 1/2 and 60 during 2024, PERA is required to report your pension under two separate tax codes which is why you receive two forms. One 1099R form should reflect code 2 for benefits received under the age 59 1/2 and code 7 is used to report benefits at age 59 1/2 and beyond.

Q: How do I change my tax withholding options for 2025?

A: Please complete, sign and submit a new Incoming Tax Withholding form available at https://www.nmpera.org/forms/.

Q: Does PERA apply a Required Minimum Distribution (RMD)?

A: As a 401(a), PERA does not fall under the provisions of an RMD.

Please call PERA at (866) 678-0670 or email PERA at PERA-memberservices@state.nm.us if you have additional questions.

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