Retiree News

ERS Retirees

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.

• Form 1099-R
  • The ERS will be mailing your Form 1099-R to your home address by Jan. 31st if you received benefits.
• Pension Payment Schedule
• Pension Forms