Frequently Asked Question (FAQ)
Can I be in the National Pension Plan and contribute to an IRA (Individual Retirement Account)?
Yes. However, you should consult with a tax advisor, as some tax benefits of an IRA are limited if you're also in a pension plan.
How do I change my income tax withholding or have taxes taken out of my benefit payment check?
You may complete this form online (login required) to indicate the correct amount of federal income tax to withhold from your pension benefit payments (login to your personal information required).
As an alternative, you may download and return Form W-4P (PDF) to the Fund Office. You can also request the form by email (email@example.com) or by calling the Fund Office at 800-424-9608 ext. 277. The Fund Office can only withhold Federal income taxes. We do not withhold state and/or local income taxes.