YourRFBenefits
Basic Retirement - Tax Implications

Your W-2 Tax Statement

Under IRS regulations, during any calendar year when contributions are made for you as a vested member of the Basic Retirement Plan the Pension Plan Box (Box 13) on your W-2 will indicate “Yes”.

 

This may limit your and your spouse’s options for contributing to a personal Individual Retirement Account (IRA).

 

Tax Implicatons of Withdrawals

 For information about the tax implications of Plan withdrawals, See the How Benefits Are Paid page. 

 

Contact your campus benefits office for more information.

 
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