- December 2022 Regular Board Meeting Minutes Uploaded
- Agenda for the Wednesday, January 25, 2023 Regular Board Meeting has been Uploaded.
- November 2022 Regular Board Meeting Minutes Uploaded
- 2023 Regular Board Meeting Schedule has been uploaded.
- Agenda for the Wednesday, December 21, 2022 Regular Board Meeting has been uploaded.
INFORMATION: Working after Retirement Retirees’ Annual COLA PERAC guide for Retirees No Social Security Deductions from Retirees Returning to Work After Retirement Retirement Allowance Tax Information Retirement Allowance Tax Map FORMS: See forms page Other: FRRS does not participate in the deduction of state income taxes from retirement benefits (and submit them to the state) because FRRS retirement benefits are not subject to state income tax. We suggest those that need to pay state income tax for other income sources make quarterly estimated tax payments direct to the state. Each person’s tax situation is different, and for that reason we do not give out tax advice – we leave that to your chosen tax professional. In regards to Internal Revenue Service (“IRS”) code, we are defined as a State or political subdivision retirement plan under chapter 401(a), which can be further qualified under 414(h)(2) – ” . . . contributions not included in gross income reported for federal income tax purposes . . . “. e.g. pre-tax contributions. In some circumstances a portion of your contributions will not be “pre-tax”, when that is the case, the IRS form 1099r you receive from us will indicate the amount that is not “pre-tax”.