Need to Know Tax Information for NYSLRS Retirees

If you haven’t filed your tax returns, here’s some useful information that may help you:

The W-4P Form

Your retirement benefit from the New York State & Local Retirement System (NYSLRS) isn’t subject to New York State income tax, but it is subject to federal income tax. The W-4P form determines withholdings from your pension payments.

NYSLRS takes care of your estimated tax payment requirement by withholding money from your pension based on your W-4P. If you’re receiving a NYSLRS pension, you need to file a W-4P to determine how much to withhold.

Significance of the W-4P

If you don’t have enough withheld from your retirement income during the year, you could find yourself owing the Internal Revenue Service (IRS) extra in interest and penalties when you file your tax return.

Changing Your W-4P

You can submit a new W-4P form whenever you want as your life circumstances change. Don’t know how much you want withheld from your pension? Our Withholding Tax Calculator can help you figure out the amount. If you need to update your withholding status, you can send us an updated W-4P form. Make sure you check out our W-4P tutorial if you have questions about filling out the form.

Other Tax Information Resources

If you have questions about your 1099-R tax form – the form that reports your pension distributions from us – our 1099-R tutorial can help.

If you are a retiree receiving regular monthly pension checks from NYSLRS, you may also want to read our Frequently Asked Questions dealing with taxes and your retirement benefit.

And if you ever have any other retirement-related questions that we can assist you with, please don’t hesitate to contact us via this email form: One of our representatives will respond back to you within 3 to 5 business days.

2 thoughts on “Need to Know Tax Information for NYSLRS Retirees

  1. Peter W. Henaghan

    received a check in mail in amount of $201.46 with no letter or explanation of reason. : State of NY, department of taxation, noted on left as Payroll Account, check # 37998667, shows NYS EMPLID N01069671. What is this for? Is this retroactive 2% payroll increase? If so please provide details and advise of how impacts future monthly retirement deposits. Please feel free to call me at the tel # on record if that will be easier for you. I’m holding check until I hear purpose……. or redirection to reach understanding. Thank you very much.

    1. NYSLRS Post author

      If the check came from the Dept. of Taxation and Finance, you’ll need to contact them to find out why you’re receiving it.

      If you do think NYSLRS sent you the check, please email our customer service representatives using our secure email form. One of our representatives will review your account get back to you with an answer. Filling out the secure form allows us to safely contact you about your personal account information. Please allow five to seven business days for a response.


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