All retirees should be aware that the federal tax withholding tables for 2010 have changed. As a reminder, the tax withholding tables reflect changes pursuant to the 2009 Making Work Pay tax credit, which does not apply to pension income. So, Retirees should again pay close attention to the amount withheld from their monthly benefit check in 2010 to be sure a sufficient amount is withheld. Our staff cannot provide tax advice, so if you need assistance with determining the amount to be withheld for taxes, contact the IRS by calling 1-800-829-1040 or go to www.irs.gov.

If you determine that you need to change the amount withheld for taxes, you will need to submit a new IRS Form W-4P which can be found on this website.