Annual Tax Equity and Fiscal Responsibility Act (TEFRA) Notification
Attention Retirees! – Included with your June 2007 benefit check or notification of deposit will be a letter from the Bank of New York regarding the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). The letter meets an annual requirement of the Bank to notify all pension payment recipients of their right to elect their own federal tax withholding. You will find on the reverse side of the letter, a federal tax W4-P form. You may fill out this form if you wish to change your current federal tax withholding.
Please note that although the form indicates that you may forward your changes to the Bank of New York, we ask that completed forms be sent to FCERA for immediate processing. Any forms sent to the Bank of New York will be forwarded to FCERA for processing which will delay any changes to your tax withholding.
Please mail your changes to the following address:
Attention Retiree Payroll
1111 H Street
Fresno, CA 93721-2515
Click here for the letter from Bank of New York.