Below are some frequently asked questions regarding your 1099Rs. If you have additional questions, please feel free to contact us.
Who receives a Form 1099?
Any member who receives taxable income from our system will receive a 1099. This includes all monthly benefit recipients, members who have received a refund of contributions, and members who have received a distribution from their T-DROP accounts.
When are 1099s mailed?
The 1099s are mailed near the end of January.
What is the amount in Box 5?
If you have an amount in Box 5, this is the non-taxable portion of your retirement income. Prior to 1997, member contributions were deducted from member’s salary after tax. Therefore, the taxes have already been paid on a certain amount of your contributions. Upon retirement, ATRS used the IRS Simplified Method to determine the amount that should be excluded annually for tax purposes. This is the difference between Box 1 (Gross Amount) and Box 2 (Taxable Amount).
Why have I not received my 1099?
If you have not received your 1099, it is most likely a result of an incorrect address. If you need to update your address, you may access a Change of Address Form from our website. Once we receive the Change of Address Form and your address is updated, we can re-send your 1099.
Can I receive a duplicate 1099?
Yes. You may contact our office after FEBRUARY 10th to request a duplicate 1099.
If you are receiving a retirement benefit, you may print a copy of your 1099 from your Member Portal. To view the 1099 in your Member Portal, you will first need to register.
Where do I find the amount paid for health insurance?
If ATRS deducts your health insurance premiums from your monthly benefit, the year to date amount paid for health insurance will be listed on your December Direct Deposit Detail you received in the mail near the end of December.