Important Information for Retirees in 2019
Changes to taxes and health plan premiums in 2019 could mean that you see a change in your monthly pension benefit in January.
Changes to taxes and health plan premiums in 2019 could mean that you see a change in your monthly pension benefit in January. Below are a few reminders:
- Taxes Tables & Withholding: The Internal Revenue Service and the Franchise Tax Board revise their tax tables annually, which may change your monthly pension benefit from SamCERA. A licensed tax advisor can provide more information about these changes and your tax withholding options for 2019.
- Tax Documents: 2018 1099-R tax forms were mailed last week, and they are now available online! To view or print your 1099-R form online, login to your MySamCERA account at www.mysamcera.org.
- Health Premium: If you pay for all or a portion of your health plan premium via your SamCERA pension benefit, changes to the health plan premium rates in 2019 may change the monthly benefit that you receive from SamCERA. For more information about the new 2019 retiree health benefit rates, contact the San Mateo County Benefits Division at (650) 363-1919.