Benefit change notice assistance available
Some members of the Ohio Public Employees Retirement System either have received or soon will be receiving Benefit Change Notices for 2015.
We issue these notices when there are federal tax table changes that impact withholdings and thus the amount of monthly pension benefits. Because OPERS doesn’t receive the table changes in time to make them effective for the January benefit, the withholdings change for the February benefit.
Members who will receive a notice about their February benefit might have just seen their January benefit change because of the cost of living adjustment, health care changes or other reason.
If you have questions about your tax withholding, we suggest you see a tax adviser. Remember that you are able to change your tax withholding at any time through your online account.
For more information, we have prepared a video that explains Benefit Change Notices. Click here to watch it.
Michael Pramik is communication strategist for the Ohio Public Employees Retirement System and editor of the PERSpective blog. As an experienced business journalist, he clarifies complex pension policies and helps members make smart choices to secure their retirement.
6 thoughts on “Benefit change notice assistance available”
As Always, Thank You for the information.
Recently I have made a move from Ohio to Kentucky. I talked to representatives at OPERS and my tax advisor and they told me that I need to stop payment for State of Ohio tax taken out of my pension check monthly and start paying state tax in the state of Kentucky. I am not very good at finding sites for the tax areas on your site. Please advise.
Please call us at 800-222-7377, and we can help you.
Recently I moved from Ohio to Kentucky. In talking to my financial adviser, tax preparer, and a representative with OPERS, I was told to go on line to do a change status to my pension state tax withholdings. I have tried several times to do this on my own, but to no avail. The computer is smarter than the user!! Please e-mail me at the e-mail address above to give me directions on how to go about this procedure. I need to stop the Ohio state tax from being withdrawn and start paying Kentucky state tax beginning now in June 2015. Thank you for your time and expertise.
Found your first answer. sorry I will call Monday morning. thank you
Click on this link to view a tutorial that will help you. You can go to slide 9, which covers tax updates. If you still are having issues with this, call us again at 800-222-7377.