Retiree Update - December 2022

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The Retiree Update explains the new tax withholding changes, important upcoming dates, Required Minimum Distributions (RMDs), how to read your 1099-R, and more.

To listen to the audio recording of the Retiree Update, click here.

Reminder: New IRS Tax Withholding Form

As mentioned in the Fall 2022 PERA Retiree Report, the IRS has new forms for electing or changing tax withholdings.

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What You Need to Know About RMDs

Required Minimum Distributions (RMDs) are minimum withdrawals that the IRS requires from most retirement plan accounts every year once the account…

How to Read Your 1099-R

If you received pension benefit payments from Colorado PERA in 2022, we will mail year-end tax information on IRS Form 1099-R by January 31, 2023. You…

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Taxes and PERA Benefits

Colorado PERA reports the taxable amount of your retirement benefit to the IRS on Form 1099-R. That taxable amount may be different, depending on…

Direct Deposit Available for Your PERA Check

You can expect a lot of mail in the next month, with a variety of year-end and tax information hitting mailboxes. Don’t let your monthly PERA benefit…

Health Care Tax Forms

If you have health care insurance through PERACare, you will receive relevant tax forms from PERA or your health care plan. Form 1095-B proves that…

Taxes and Public Safety Officers

If you are receiving a survivor benefit due to the death of a public safety officer who was killed in the line of duty, your benefit may be exempt…

PERACare ID Card Reminders

Refer to the table below for information on who will receive 2023 ID cards for the PERACare plans.

Upcoming Dates to Remember

Review the information below for upcoming mailings, changes, and closures. Please allow at least five business days for postal delivery after a…