Page 5 - Public Employees Retirement Fund My Choice Plan Member Handbook for Local Government Employees
P. 5
10 Income Tax Considerations...........................................................................44
10.1 Deductions..................................................................................................................................... 44
10.2 Taxation of Defined Contributions ............................................................................................... 44
10.2.1 Tax Withholding.................................................................................................................... 44
10.2.2 Tax Forms and Withholding ................................................................................................. 44
11 Additional Plan Information ..........................................................................46
11.1 Cost of Living Adjustments........................................................................................................... 46
11.2 13th Check Annual Supplemental Payment ................................................................................. 46
11.3 Required Minimum Distribution (RMD) Information ................................................................... 46
11.3.1 Death Benefit Required Minimum Distribution.................................................................... 47 11.4 Administrative Review .................................................................................................................. 47
11.4.1 Initial Determination ............................................................................................................. 47
11.4.2 Administrative Law Judge .................................................................................................... 48
11.4.3 Judicial Review ..................................................................................................................... 48
11.5 Power of Attorney ......................................................................................................................... 49
11.6 Guardian........................................................................................................................................ 49
11.7 Access to Records ......................................................................................................................... 49
11.7.1 Member Records................................................................................................................... 49
11.7.2 Public Records....................................................................................................................... 50
11.8 Confidentiality of Fund Records ................................................................................................... 50
Public Employees Retirement Fund My Choice Plan Page 5 of 50 Member Handbook for Local Government Employees
Effective: 07/01/2020
