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RETIREMENT PROCEDURES

deductions  from  your monthly  benefit payments

 

Federal Income Taxes will be withheld as if you were married with three exemptions unless you notify the Retirement System in writing to waive withholding or to withhold a different amount.

If you elect not to have federal income taxes withheld, or if the amount you have withheld is insufficient, you may be subject to penalties under estimated tax payment rules.  You may change your withholding amount at any time.

Missouri Income Taxes will be withheld only upon your written request.

Insurance Premiums will be deducted if you enrolled for medical, dental, and/or vision insurance requiring member contributions.

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