The IRS has updated the form that is used to determine Pension tax withholdings. If you would like to update your W-4P with the SAG-Producers Pension Plan, please fill out the form and email it back to us at [email protected] or submit through our secure messaging center on your Benefits Manager by logging in above. You are not required to send in a updated W-4P if you do not want any changes to your withholding. However, you may notice a slight change to your received benefit as the tax bracket calculations have been updated.
If you have further questions please refer to the IRS’s page About Form W-4R or contact your tax advisor.