Jan-Feb-Mar 2013 - sdcera
Jan-Feb-Mar 2013 - sdcera
Jan-Feb-Mar 2013 - sdcera
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Does SDCERA have your legal address?<br />
An updated address helps ensure correct<br />
tax withholding<br />
Your address is one of the most important pieces of<br />
information you can share with SDCERA. Keeping<br />
it updated allows SDCERA to correctly withhold<br />
required taxes.<br />
You’re able to provide both a mailing address and<br />
legal address. What’s the difference? Your mailing<br />
address is where you receive mail. Your legal address<br />
is the street address of your physical residence.<br />
The IRS requires SDCERA to have a legal (physical)<br />
address on file for every member. If retired members<br />
or beneficiaries have only provided a P.O. Box<br />
as their address, SDCERA is legally required to<br />
withhold their taxes at the “married plus three”<br />
rate—that is, the rate of withholding for a person<br />
who is married and has three dependents. A legal<br />
U.S. address on the Change of Address form and a<br />
valid tax election form (available at www.<strong>sdcera</strong>.org)<br />
are all SDCERA needs to clear up P.O. Box‐related<br />
tax issues. SDCERA does not withhold taxes for<br />
states other than California.<br />
Retired members to<br />
receive 1099-R forms<br />
SDCERA mails IRS Form<br />
1099-R to all retired<br />
members at the end of<br />
<strong>Jan</strong>uary. This form reports<br />
the total amount of income<br />
paid to you from SDCERA<br />
during the preceding<br />
calendar year. You will<br />
need this form to complete<br />
your federal and state tax<br />
returns. Be sure to check<br />
your mailbox for this<br />
important document.<br />
You can change your<br />
tax withholding at any<br />
time. A Tax Election for<br />
Monthly Retirement form<br />
will be mailed to you with<br />
your <strong>Feb</strong>ruary earnings<br />
statement. This form is also<br />
available at www.<strong>sdcera</strong>.org<br />
under Forms & Publications<br />
or by contacting the<br />
Call Center.<br />
Retired SDCERA members or beneficiaries who<br />
are U.S. citizens without a U.S. address on file<br />
must send SDCERA a completed IRS Form W-9.<br />
Other rules apply to SDCERA members who are<br />
non‐U.S. citizens residing outside the United States.<br />
U.S. citizens residing outside the U.S. receive the<br />
standard IRS Form 1099-R for tax reporting and<br />
may not opt out of tax withholding. (See sidebar.)<br />
Contact SDCERA to request a form, confirm your<br />
withholding amounts or request more information<br />
about retiring outside of California.<br />
2<br />
SAN DIEGO COUNTY EMPLOYEES RETIREMENT ASSOCIATION
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