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Payments, Taxes & Deduction FAQs

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How long will it take to get a refund of my contributions if I leave the city?

Are my retirement benefits subject to garnishment?

What if I should close my bank account prematurely and do not submit a completed direct deposit authorization form to the Retirement Fund before the tenth (10th) of the month?

What deductions will be taken from my monthly pension?

Will I receive cost-of-living adjustments (COLA) with my pension?

What do I need to do to change the direct deposit from one bank to another?

When will I receive my Form 1099-R?

Are retirement benefits taxed?

How can I change the income tax withholding on my monthly retirement pension?