First Responder Pension Facts

www.nj.com/politics/index.ssf/2017/02/dems_float_big_change_to_nj_cops_firefighter_pensi.html ...

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FirstResponderPensionFacts shared National Association of Police Organizations (NAPO)'s photo. ...

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1099-R Update.


I've received information that the form 1099-R being sent is correct.

FOP says that the Illinois Department of Revenue requested that the amount be placed in box 14 and we will not be getting new 1099-R forms. (Illinois has changed it's reporting law as of 2016 income tax returns which now requires that the income be reported on the form.) It is now incumbent on the filer to tell the state when you file that, that income is not taxable.

And from another:

Pensions are subtracted out on a separate line on the Illinois return because you start Illinois return with all Federal income. If you read your 1099 it says state distribution not state taxable. Nothing has changed with Illinois. You will not be taxed on your pension in Illinois.
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Chicago Retirees

check your 1099R that you got re: your pension disbursements for 2016.
Box 14 which has never listed state disbursements for my past 18 years (have them all) now shows same figure as federal.
WRONG. We don’t pay state tax on our pensions. Should be blank showing no numbers for this box 14. See the back explanation, bottom lower right side.

Northern Trust who handles our disbursements F’d up I believe. In any case they should issue amended 1099R properly filled out.

WE DON’T PAY STATE TAX ON OUR PENSION OR NATIONWIDE (old Pebsco) payouts re: RMD or SOCIAL SECURITY
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