Benefit Statements and IRS Forms 1099-R to Mail in January
Your Annual Benefit Statement
In January, you will receive your annual PSRS/PEERS Benefit Statement. The Benefit Statement is a comprehensive summary of your PSRS/PEERS account and your monthly benefit as of January 31, 2013. This important document is a record of your:
- Benefit amount,
- Tax information and withholding amounts,
- Benefit plan and benefit history,
- Cost-of-living adjustments (COLAs), and
- Beneficiary designation with PSRS/PEERS.
Don't forget, you can view your retirement account information by logging in to your personal account. The information available online is updated daily.
IRS Form 1099-R
Your 2012 IRS Form 1099-R will also mail in January. You will need this form when filing your 2012 tax returns. Your annual Form 1099-R shows the total funds you received from PSRS/PEERS in calendar year 2012, the taxes withheld, and the dollar amounts considered taxable income. If you have a professional tax advisor, we suggest that you make this information available for his or her review.
You can authorize PSRS/PEERS to start, stop or change federal or Missouri (if you are a Missouri resident) tax withholding from your benefit by completing a Tax Withholding Authorization form. This form can be found online (PSRS Tax Withholding Authorization form | PEERS Tax Withholding Authorization form) or can be obtained by request from our office.
Income Tax Contact Information
The PSRS/PEERS staff does not offer individual tax advice or information. Questions concerning taxes should be directed to a tax professional or to the appropriate taxing agency.
The Internal Revenue Service (IRS)
If you need a duplicate copy of your Form 1099-R, you can find it online beginning January 31 by logging in to your personal account, or you can contact us to request one after January 31, 2013.