Retirees

2013 Federal Tax/Insurance Information

Important Information About:
  • 1099s
  • 2013 Federal Tax Withholding Changes
  • Health Insurance Credit for Public Safety Officers
  • Form 5329 Additional Taxes on Qualified Plans
  • 2013 W4P
  • New Insurance Rates
  • Non-Taxable Income
  • End-Of-Year Payroll Deduction Totals
1099s will be mailed no later than January 31, 2013.
- City of Tallahassee Pension 1099s: Reprints may be requested beginning 02/11/2013. For assistance contact Payroll at 850-891-8424
- Prudential 1099s: For assistance contact Prudential at 1-800-833-5761
Where Do I Find Information About:
Changes to my Monthly Pension check amount. See 2013 Federal Income Tax Withholding Changes and 2013 Insurance Rates
W-4P Form for 2013 The new W-4P for 2013 is located at http://www.irs.gov/pub/irs-pdf/fw4p.pdf
Retiree Insurance Rates for 2013 The new retiree insurance rates may be viewed at 2013 Insurance Rates
Non-Taxable Income See Explanation of "Non-Taxable" Part of Income
Tax Credit for Public Safety Officers with Normal or Disability Retirement See Tax Credit for Public Safety Officers with Normal or Disability Retirement
2013 Federal Income Tax Withholding Changes See 2013 Federal Income Tax Withholding Changes
My End-of-Year Payroll Deduction Totals Logon to PeopleSoft HRMS Self-Service then navigate to Self-Service > Payroll and Compensation > View Prior Year YTD

For PeopleSoft HRMS Self-Service logon instructions see How to Logon to PeopleSoft Self-Service.
Form 5329 Additional Taxes on Qualified Plans Form 5329 is located at http://www.irs.gov/pub/irs-pdf/f5329.pdf
   

How to View Your Pay Advice Online

Your current and previous pay advices can be viewed on the City of Tallahassee PeopleSoft HR website Self-Service portal. (See attached PDF for instructions).

401(k) MAP / 457 RSVP / DROP / Fire & Police Supplemental Share Plan

Insurance Plans

COLA (Cost of Living Adjustment)

The Pension Plan provides a 3% cost-of-living adjustment to your monthly retirement benefit each October 1st. Eligibility is as follows:

For General Employees, after the earliest of the following:

  • you reach age 50 with 30 years of service
  • you reach age 55
  • your retirement date if your age exceeds above dates

For Firefighters, after the latter of:

  • you reaching age 52 or
  • your actual retirement date

For Police Officers, after the earliest of:

  • Age 62 if your were hired on or after 1/1/89 or
  • Age 55 if retiring on or after reaching Age 55 or
  • Age 52 if you were hired prior to 1/1/89

If you are a Disability Retiree, the increase will be applied every October 1st after you start receiving payments, regardless of your age.

In the first year, the increase will be prorated if you have not been retired for a full year.

Health Care Supplement

If you receive a pension benefit from the Plan, you will also receive a monthly health care supplement of $5.00 per month for every year of pension participation with the City, up to a maximum of 30 years.

The Health Care Supplement will begin:

For General Employees, after the first full month after:

  • you reach age 50 with 30 years of service, or
  • you reach age 55, or
  • your retirement date if your age exceeds above dates.

For Firefighters and Police Officers, after you reach Normal Retirement age.

If you are a Disability Retiree, the supplement will be paid to you after you begin receiving pension payments, regardless of your age.

If you are receiving a DROP benefit, the supplement will be paid to you after you discontinue DROP participation.

If a pension payment is made to your spouse after your death, this supplement will also continue to be paid.

Frequently Used Forms

All forms and publications you may need to assist you in managing your retirement benefits are located on the Forms and Publications page, however below are the forms most frequently requested by retirees: