You may notice a change in the
amount of Federal Withholding that is deducted from your
monthly retirement check. This is due to the IRS
making changes in the Federal Tax Withholding tables as
part of the “Making Work Pay Tax Credit” which was
included in the new economic recovery legislation, the
American Recovery and Reinvestment Act of 2009.
Due to the complex nature of this
credit LASERS suggests that you contact your tax advisor
should you have questions on how this may affect your
personal tax situation.
You can change the amount of withholding by completing a
new
W-4P
and submitting it to LASERS.
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