SPTRFA retirement benefits are subject to state (dependent on the state that the retiree resides) and federal income tax, and can include both a tax-free amount and a taxable amount. Member contributions made to SPTRFA before January 1, 1983 were taxed (unsheltered) and are not subject to tax in retirement. However, member contributions made on and after that date were not taxed (sheltered) and become taxable in retirement.
The SPTRFA sends a Statement of Income, or 1099-R, each January for the prior year’s earnings.
Minnesota Withholding Tables: Single 2013 | Married 2013
Federal Withholding Tables: Single 2013 | Married 2013
