Tax Withholding Information

The Withholding Elections screen allows you to view federal and state tax withholding information related to your retirement benefit. In the upper part of the screen, you can select the specific benefit for which you want information. If you are receiving only one benefit, you will not be able to select any other option. The rest of the screen contains the specific federal and state tax withholding information for the benefit you selected.

To access your tax withholding information, select the Withholding Election option from the menu on the left pane of the window. The Withholding Elections screen appears.

If you have only one benefit, the screen automatically displays the tax withholding information for that benefit. If you have more than one benefit, the screen displays the information for the first benefit you received. If you have more than one benefit and would like to see information on a benefit that is not currently displayed, click on the down arrow in the Benefit Type field and select the desired benefit. The current federal and state tax withholding information for the selected benefit is displayed on the screen.

There are several possible types of federal and state withholding. The tax information that is displayed depends on which type applies to your account. The types are:

• No Withholding on File - There is no record of any tax withholding declaration currently on file.
• No Withholding - You have elected to have no taxes withheld.
• Flat Amount - A flat dollar amount is withheld.
• Percent - A percentage of your taxable amount is withheld.
• Extra Amount - An additional tax amount is withheld.
• No Response - For federal tax withholding, this means you did not file a W-4P for federal tax withholding. Under the law in this situation, you are treated as a married person claiming three exemptions. For state tax withholding, this means that you did not file a form for state tax withholding. Under the law in this situation, you are treated as a married person claiming three exemptions.
• Tax Table - The tax table is used to calculate your tax withholding.
• Tax Table Plus Extra Amount - This is the same as Tax Table except you have elected to have an additional flat dollar amount withheld in addition to the amount withheld using the tax table.

Depending on your federal and state withholding types, some or all of the following information is displayed:

• Annuity Type - The kind of benefit you are receiving.
• Benefit Status
• Effective Date - Beginning date for which benefits are being paid.
• Date of Birth - This is followed by your current age.
• Withholding Type - This is one of the types listed above.
• Filing Status - Your filing status currently on record.
• Exemptions - Number of exemptions you have claimed.
• Current Taxable Income - Amount of your income that is subject to taxation.
• Current Tax Amount - Total amount of federal tax being withheld.
• Extra Amount
• Percent

If you feel that any of the information displayed on this screen is in error, contact your retirement office.

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