1099Rs

Last Updated - Wednesday, January 08, 2020

Forms 1099-R will be mailed to all annuitants on or before January 31, 2020. The 1099-R is the income reporting document for retirees or anyone who received a disability or refund from the Retirement Fund. If you do not receive your 1099-R by February 10, 2020, please call the Retirement Fund at (312) 751-3222.

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Aside from, "When will 1099s be mailed?" is,  "What’s in Box 5?" 

About Box 5 . . . The box is labeled “Employee contributions/Designated Roth contributions or insurance premiums,” but which is it? That depends on the nature of the distribution that you received from the Retirement Fund:


Disability. If you received Ordinary Disability benefits from the Retirement Fund, the amount in Box 5 represents your deductions for medical and dental insurance as well as contributions toward a flexible medical spending account, if applicable.


Refund. If you received a refund such as a no-spouse refund or a refund of excess optional contributions, the amount in Box 5 represents previously taxed contributions paid into the Fund. Optional contributions prior to July 2003 and all regular contributions prior to January 1982 have been previously taxed and will not be taxed again on distribution.


Monthly Annuity. If you received a retirement or spouse annuity, the amount in Box 5 represents a portion of the previously taxed contributions that either you or your spouse made during employment. At the time of retirement, the previously taxed contributions are totaled. The Fund determines how much of the monthly retirement annuity can be claimed as tax-free according to IRS rules at the time of retirement. Refer to the letter that was provided to the retiree at the time of retirement to determine the tax-free portion. It should be noted that the amount in Box 5 does not represent medical insurance premiums in this instance.


If you have any questions, you may wish to consult a tax professional.

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