A W-4P is the IRS withholding Certificate for Pension or Annuity Payments. If you would like to change the amount of Federal withholding from your monthly annuity, you can complete a W-4P and submit it to LABF. Please see IRS Form W-4P for the latest IRS form available.
Form 1099-R is the IRS Tax Distribution form for distributions from pensions, annuities or retirement plans. The Form 1099-R from the LABF are mailed by the end of January.
In some cases, members receive more than one form since a 1099-R is sent for each distribution type. For example, for the year in which you attain age 59 ½ you will receive two 1099-R forms because there is a different distribution code for the payments issued before age 59 ½ than for payments issued after you attain age 59 ½.
You may need to include the Form 1099-R with your federal income tax filing.