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Retirees - About Taxes
and Your Pension Payment
Federal Income Taxes
It's important to note
that your pension payments are considered taxable income
for federal income tax purposes. You will be
W4-P as part of your retirement application.
The W4-P is a federal income tax withholding form.
It tells the Administrative Office the amount of federal income
tax to withhold from your pension payment.
State Income Taxes
The Administrative Office is
unable to withhold state income taxes from your pension