Retiree Tax Withholding Changes

February 12, 2018

Retiree Tax Withholding Changes

Retirees may be wondering about how the new tax law affects their monthly benefit.  COAERS will apply new IRS tax withholding tables to the February 28, 2018 retirement benefit of each retiree.  Then, COAERS will mail paper statements to any retiree with a tax withholding change.  After retirees see their new tax withholding, they are encouraged to consult their tax advisor and, if necessary, complete and submit a new W4-P to COAERS.  The W4-P form can be found under our Resources/All-Forms tab here on our website. 

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