Federal, state, and local taxes

Retirement benefits are subject to federal income taxes; however, retirement benefits are not subject to Pennsylvania state and local taxes.

By law, PMRS must calculate federal tax withholding from your monthly benefit, assuming that you are single with no other sources of income. You may direct PMRS to withhold at a different rate by completing a W-4P form and sending it to our office.

1099-R forms
PMRS mails 1099-R forms to individuals by January 31 for use in filing a federal tax return.