PGL Insurance Premium Increase for Retirees
A notice from the HFFA Office was mailed out on May 7th. Please check your mail for an important notice regarding the Pacific Guardian Life (PGL) premium increase for retirees.
Medicare is once again charging different Medicare Part B Premiums for 2021.
Learn more from the EUTF: 2021 Medicare Part B Reimbursement
Q: How does the CARES Act apply to distributions from the ERS?
A: Because the ERS is a defined benefit pension plan, the CARES Act did not permit the ERS to make special distributions (or withdrawals) available to ERS members while they were employed. See IRS Notice 2020-50 (first full paragraph on page 8). However, retirees and members who received normal distributions in 2020 and were adversely affected by COVID-19 may be eligible to elect favorable tax treatment (e.g., inclusion in income over 3 years and no 10% penalty tax for early distributions) when they file their individual income tax returns for 2020. Please refer to IRS Form 8915-E and your personal tax advisor/preparer.
Visit the ERS Retiree FAQ page for more information.
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