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Tax Withholding


Tax Withholding

Your tax situation can change for various reasons, such as prior year tax underpayments, additional income sources, or a change in marital status. When that time comes, you can make tax withholding changes for your AJRS annuity. We will provide you with the necessary federal W-4P or state AR4P forms that will enable you to make the tax election right for you.

Frequently Asked Questions

How do I update my tax withholding information?

You can update your tax withholding in two ways:

  1. In your myAJRS portal, click Change Deductions/EFT, then click Add/View Deductions to make a change to your tax withholding information.
  2. You may also submit a written federal W-4P or state AR4P to AJRS at 124 W Capitol Ave, Suite 400, Little Rock, AR 72201. To obtain a copy of the tax form(s), call 501-682-7800 or visit our Contact Form.

When do I need to submit new tax withholding information?

You should notify us as soon as possible whenever you need to update your tax withholding information. To allow for payroll processing time, submit your new tax withholding information by the 15th of the month prior to your next payment.

Can I not have taxes withheld?

If you prefer not to have any tax withheld from your annuity, you may indicate this on federal form W-4P by writing “No Withholding” in the space below Step 4(c). For the state AR4P, there is a box you can check to not have any income tax withheld from your annuity. Caution: You will receive a 1099R in January each year and will be responsible for the unpaid taxes.

Can I withhold a specific dollar amount or percentage?

Unfortunately, you are not able to withhold a specific dollar amount or percentage. If you wish to withhold an additional dollar amount beyond the standard tax withholding based on your elections, you may enter the additional amount on Step 4 (c) of federal form W-4P or on Step 4 of the state AR4P.

Disclaimer on Benefits and Rights

Disclaimer Concerning Benefit Calculations, Benefit Projections, Counseling, and Certain Conditions Regarding APERS Benefits and Rights

The purpose of this Disclaimer is to summarize, in plain language, existing APERS policy concerning benefit calculations, benefit projections, counseling, and certain conditions regarding APERS benefits and rights. This Disclaimer does not reflect any alteration or amendment of existing APERS policy. This site includes general information about APERS programs and benefits and may not represent or include completely the law and/or rules that govern APERS. Arkansas law and/or administrative rules will supersede any information in conflict.

APERS strives to provide accurate information and assistance to plan participants who have questions regarding their APERS benefits. All information and calculations concerning benefits are based upon current law and policy, even though information often concerns future benefits. Likewise, laws and policies affecting plan participants are subject to change from time to time. The Arkansas General Assembly, U. S. Congress, federal agencies, and the APERS Board of Trustees may change how benefits are calculated and change other rights of plan participants. Any benefit projection or information provided by APERS is subject to future law or policy that is applicable to APERS.

APERS staff depends upon information provided by the plan participants and offers counseling and projects future benefit estimates based upon that information. Such estimates can vary materially from actual results. Calculations concerning benefits, as well as the information APERS provides during counseling, can be materially affected if the plan participant provides inaccurate or incomplete information, or omits material facts. Plan participants are presumed to have knowledge of all publicly available laws and policies that affect their APERS benefits and rights. APERS is under no duty to ensure that plan participants are specifically informed of a new law or policy unless required within the law or policy itself. If APERS attempts to notify plan participants who may be affected by a change of a law or policy, the failure to notify a specific plan participant does not create any right or cause of action for the plan participant.

APERS does not provide plan participants with specific recommendations regarding retirement options, tax advice, or legal advice. Each plan participant is solely responsible for determining whether benefit calculations, benefit projections, benefit estimates, and retirement plan options are suitable for the plan participant based upon his or her specific retirement objectives and personal and financial situation. APERS encourages plan participants to consult their own lawyer, accountant, tax professional, or other retirement adviser before making a decision that affects their benefits and rights regarding APERS.

Federal law and policy, state law and policy, APERS records and documents, and accurate data always govern the final determination of plan participant benefits and rights. An error by APERS does not create any common law rights on behalf of the plan participant. The rights of a plan participant are solely governed by the rights set forth in law and policy applicable to APERS.