How has LACERA changed its tax reporting on Service-Connected Disability (SCD) Retirement allowances?
In response to IRS requirements, LACERA now (2006) determines the taxable amount on SCD allowances, and identifies it accordingly in the Total Taxable YTD category on your check stub or automatic deposit receipt (ADR). Previously, LACERA reported SCD income as “Taxable Amount Not Determined.”) These changes will also be reflected on the annual Form 1099R that LACERA is required to send each retiree and file with the IRS. For more information, call 1-800-786-6464 and speak with a LACERA Retirement Benefits Specialist.
