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TRS webinar: 1099‑R mailed by Illinois Comptroller; retirees advised how to use W‑4P and state withholding forms
Summary
TRS presenters told retirees that retirement benefits are federally taxable, 1099‑R forms are typically mailed by the Illinois Comptroller by Jan. 31 (request duplicates from TRS after Feb. 15), and the IRS W‑4P and TRS state withholding forms let members adjust federal and some state deductions.
Carly, a presenter for the Teachers' Retirement System Board of Trustees, told retirees in a February webinar that "TRS benefits are federally taxable," explaining most TRS contributions were pre‑tax and therefore taxable when paid as a pension. She said the 1099‑R reports how much TRS paid a member in the year and how much federal tax was withheld.
Carly described the 1099‑R production timetable and mailing: TRS sends address data to the Illinois Comptroller in early December so the Comptroller's office ("Susanna Mendoza's office," she said) can mail 1099‑R forms, which are typically mailed by Jan. 31. Members who do not receive a form by mid‑February may request a duplicate from TRS; Carly said TRS can mail duplicates after Feb. 15 and that members may request them online or by…
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