Federal and state laws require the Oklahoma Public Employees Retirement System (OPERS) to withhold income tax from your monthly retirement benefit unless you tell us in writing that you do not want taxes withheld. The tax rates applied to your benefit are based on withholding tables provided by the U.S. Treasury Department and Oklahoma Tax Commission. 1099-R Forms will be mailed no later then January 31st of each year. Click here for 1099-R frequently asked questions.
NOTE: If you live outside of Oklahoma and have state taxes withheld on your OPERS benefits, those amounts are remitted to the Oklahoma Tax Commission and not the taxing authority of your state of residence.
Federal and State Income Tax Withholding Instructions
As a benefit recipient, the following withholding options are available to you:
- You may specify that you do not want federal or state income tax deducted from your benefit.
- You may elect to have specific allowances Claimed by selecting indicating your marital status and number of allowances. By doing this, OPERS will determine the amount, if any, to be withheld based on current federal and state withholding tables.
- You may elect to withhold a specified amount for federal and state income taxes you wish to have withheld for federal and state income tax for each monthly benefit.
You can indicate your tax withholding preferences by completing the Benefit Recipient’s Withholding Preference Certificate. This form and pertinent schedules of the federal and state tax withholding tables are provided below for your convenience.
Withholding Preference Certificate
Federal Tax Withholding Tables
State Tax Withholding Tables