ANNUAL NOTICE OF RIGHT TO ELECT OR REVOKE FEDERAL INCOME TAX WITHHOLDING

LACERS is required to inform you that your periodic benefit payments from LACERS may be subject to Federal Income Tax withholding unless you elect not to withhold. If your benefit becomes effective in 2024, and a completed Form W-4P is not on file with LACERS, your withholding will be calculated as if your filing status is Single with no adjustments. For benefits that began before 2024, your current withholding remains in effect unless you submit a new Form W-4P.

LACERS 2023 1099-R FORMS HAVE BEEN MAILED  

LACERS has completed its mailing of 1099-R tax forms to retirees and beneficiaries for the 2023 tax year. The 1099-Rs are only sent to the address on file with LACERS. Therefore, if you have recently moved or changed your address, please complete and submit a Change of Address form. If you have not received your 1099-R, the earliest that you may request a duplicate to be mailed to you is the second week of February.

2024 LACERS OPEN ENROLLMENT – REMINDERS AND UPDATES 

• Health plan changes made during the 2024 Open Enrollment period are effective from January 1 through December 31, 2024, unless you experience a qualifying event and change plans by the associated deadlines. New deductions that reflect your health plan changes will appear on your December 31, 2023, retirement check.

LACERS RESUMES NORMAL OPERATING HOURS AT ITS FRONT DESK 

LACERS has resumed its front desk’s normal hours of operation: Monday – Friday, 7:00 a.m. – 4:00 p.m. No appointment is needed. As a reminder, we offer more ways to serve you, including phone and email assistance, virtual sessions, and Secure Document Upload for submitting forms safely.

REMINDER: LACERS 2024 OPEN ENROLLMENT PERIOD ENDS NOVEMBER 16

There’s still time to make changes to your LACERS coverage for next year! LACERS’ Open Enrollment period runs from October 16 – November 16. The Open Enrollment period is an opportunity to enroll in a health or dental plan, change your plan, or add dependents, with changes becoming effective on January 1, 2024.  Open Enrollment packets were mailed in early October and are also available online at lacers.org/enrollment.