Message from the Chair
Category: Archived
Benefit recipients: Watch your mailbox for your 1099-R and Benefit Verification forms to arrive soon
By January 29, all 1099-R tax statements and Benefit Verification forms will be mailed to our more than 68,000 benefit recipients.
Accordingly, if you received a benefit payment from the MTRS in calendar year 2018, then you should receive your 1099-R tax statement and your Benefit Verification form soon. If you do not receive your tax …
Benefit recipients: Your federal tax withholding may change with your January payment
The Internal Revenue Service updated the federal tax withholding tables for 2019. If you have federal taxes withheld from your monthly benefit:
- based on the IRS tax tables (i.e., your marital status and number of exemptions claimed), beginning with your January payment, you may see a change in your net benefit amount because your tax …
Read more Benefit recipients: Your federal tax withholding may change with your January payment
Retirees: Watch for mail from us in December and January
If you are receiving a monthly benefit from the MTRS, look for your:
- Year-end statement, which we send at the end of December. This statement provides a summary of your benefit payments during 2018 and is simply for your reference. Questions? Please see how to read …
Read more Retirees: Watch for mail from us in December and January