Attention: PERS Benefit Recipients
PERS recently mailed tax-withholding preference forms to those retirement benefit recipients who had previously elected specific dollar amounts be withheld for tax-withholding purposes. The deadline to submit those completed forms (PERS Form 17, Certificate of Withholding Preference, and 2022 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments) has been extended from October 31, 2022, to November 30, 2022.
We ask that if you did receive these forms from PERS and have questions, you contact us at the hotline designated to address these questions, 601-359-3785. However, PERS does not and will not provide any tax advice or guidance. Those questions, as well as any concerns about completing the IRS form, must be directed to your personal tax professional or the IRS.
Please note that if you did not receive these forms from PERS, you do not need to contact us. This mail out only affected roughly 13,000 individuals who needed to update preferences to adhere to federal tax law, which states benefit recipients cannot solely elect a specific dollar amount to be withheld for tax-withholding purposes. Tax withholdings on benefits are based on marital status, amount of adjustments, and, if desired, an additional dollar amount.
Thank you.
