Participants who received a distribution from their MSRS-administered plan during 2022 will receive a tax document to report the distribution amount and federal and state tax withholding. Forms will be mailed by January 31, 2023.
It is important that you notify MSRS of any permanent or temporary address changes to ensure your tax documents are mailed to the correct address. To change your address, call the MSRS Service Center at 651-296-2761 or 1-800-657-5757 or download a Personal Information Change Request form.
MSRS Pension Plans
MSRS will mail a Form 1099-R by January 31 to report payments you received from your pension plan. MSRS pension plan tax documents will be available in the Online File Cabinet starting around mid-January.
If you have not received your tax document by February 10, contact MSRS to request a duplicate. Or you can login to your account to view or download your pension tax document, which is located in the Online File Cabinet.
Public Safety Officer Premium Withholding: Insurance premiums withheld from your pension benefit and paid directly to the insurance provider are not reported on a 1099-R. You will receive a separate letter indicating the premium amount withheld during the calendar year. If you have not received this letter by February 10, please contact MSRS at 651-296-2761 or 1-800-657-5757.
Defined Contribution (DC) Plans
DC plans include these MSRS-administered accounts: Minnesota Deferred Compensation Plan (MNDCP); Health Care Savings Plan (HCSP); Unclassified Retirement Plan; and Hennepin County 1% Supplemental Plan.
Empower Retirement Services prepares and mails tax documents to report distributions from a DC plan. If you have not received your DC tax documents by February 10, contact MSRS to request a duplicate. Or you can login to your account to download a 2022 tax document. When you login, select Go to Savings Plans. Tax documents will be available on the website by February 1.
- MNDCP and Unclassified Retirement Plan: Participants will receive a Form 1099-R.
- HCSP: Contributions and reimbursements paid to the plan participant are not reported on income tax returns; therefore, no tax documents are generated for participants. However, reimbursements paid to a non-spouse or non-dependent beneficiary who inherited the account upon the death of a participant are taxed as ordinary income. The beneficiary will receive a 1099-MISC to report reimbursements paid from the account.
- Hennepin County 1% Supplemental Plan: Participants will receive a W-2.