The office is currently closed | Wed March 10, 2010 01:08 AM
The Internal Revenue Service issues Federal withholding tax tables to employers and Pension plans during the first few months of each year to reflect tax changes. In 2009, prior to issuing your April 1st payment, an additional tax table was issued by the IRS and installed at PIBF. This was the result of the "Making Work Pay credit" from the economic stimulus plan. The Fund office staff has recently been notified that some individuals who receive a pension may not qualify for the reduced taxes calculated from the additional tax table. As a result, the new tax tables may not be calculating enough tax withholding. We strongly suggest you consult with your tax adviser to determine if you need additional tax withholding. The tax withholding from your monthly pension benefit can be changed at any time upon contacting the PIBF office.
If you receive a request for information from the PIBF Claims Department, the form should be completed, signed and returned as quickly as possible. Failure to provide information can delay payment of your claims. The information requested must be provided in writing. You can fax the requested information to 918-280-4899.