Department of Employee Trust Funds
January 14, 2016
Federal Tax Table Adjustment
The federal tax tables have changed for 2016. This means some Wisconsin Retirement System annuitants may see an adjustment to their federal tax deductions beginning with the February 1, 2016 payment.
Any member whose monthly payment has changed as a result of the new tax table will receive an annuity mailing statement from ETF reflecting the new withholding amount. To adjust your federal or state tax withholding, submit an Income Tax Withholding Election Change (ET-4310) form.
Before making any changes, you may want to use ETF’s onlineTax Withholding Calculator to help you determine the impact of income tax withholding elections on your monthly annuity payments.