Tax Implications 

Your W-2 Tax Statement

Under IRS regulations, during any calendar year when contributions are made for you as a vested member of the Basic Retirement Plan the Pension Plan Box (Box 13) on your W-2 will indicate “Yes”.

This may limit your and your spouse’s options for contributing to a personal Individual Retirement Account (IRA). 

Tax Implicatons of Withdrawals

 For information about the tax implications of Plan withdrawals, See the How Benefits Are Paid page.