mass state retirement pay dates 2022 mass state retirement pay dates 2022

2023 OPERS benefit payment schedule. If you are requesting verification for Social Security purposes, please be sure to tell the MTRS representative this, as we will need to include additional information in your letter. Suggestions are presented as an open option list only when they are available. Public Employee Retirement Administration Commission, Obtaining verification of your benefit income, Need verification of your benefit payment, Beneficiary Designation Form for Retirees and Survivors with the MTRS, Power of attorney: What it is and why you need one, Medicares web page on Part B monthly premiums, obtain verification of your benefit eligibility or income, change your federal tax withholding amount. However, if the first falls on a weekend or holiday, retirees get paid on last business day of the prior month and annuitants get paid on the first business day of month. If a teleconference or videoconference appointment is not preferred . The MTRS will be able to deduct your monthly premium from your retirement allowance. 0000163357 00000 n By January 31 of each year, provide you with a Form 1099-R for tax purposes . No. Accordingly, if the Legislature grants a 3% COLA effective July 1, a benefit recipient may have his or her allowance increased by a maximum of $390 per year, or $32.50 per month. Some page levels are currently hidden. Loans designed to help students pay for post-secondary education. when there is a change in the amount of your direct deposit from the prior month (for instance, if you change the amount of your federal tax withholding or your insurance premium changes); when the MTRS needs to inform retirees of new information and prints a special notice on the top portion of the direct deposit statement; and. 0000088674 00000 n 0000061029 00000 n Earnings include compensation in any form, including annuity/insurance premiums and other fringe benefits, and implies some labor, management or supervision in production of the income and not income derived merely from ownership of property. Total Retirement Plans 3 STATE TREASURER OF NORTH CAROLINA 0000061370 00000 n 0000061141 00000 n tR_4[KaX) Sample worksheet: This is not an interactive worksheet that you can fill in on screen. >?V9RuV,^cYuo[3p*z `_RrGXwu}aV*&6-{]Uqx6'X) 3['-B^\%a.oCTAQ8n >Euz Share sensitive information only on official, secure websites. Yes. 2gZjg#F'[xW'ly'5bfT0L Ve*Zv@ hHc' \W80Ypea4%gW! Direct Deposit Schedule. In addition, you will receive: If your spouse died but not as a result of the injury or condition that was the basis for the accidental disability retirement, your survivor benefits, if any, will be governed by the survivor option selected by your spouse at the time of his/her retirement. If you receive your checks in the mail, they will be mailed out before the payment date but are not guaranteed to arrive by that date. However, there are no restrictions on employment in the private sector, public employment in another state or employment with the federal government. Until you have been retired for at least one full calendar year (meaning one full January-through-December year), the amount that you can earn is equal to the difference between the annual amount currently being paid for the position from which you retired, and your annual pension. . In turn, we forward your premium to your local community on your behalf. 0000120492 00000 n When choosing someone as your attorney-in-fact, however, be sure to select someone who is responsible and trustworthy, and consult your attorney regarding the different ways you can limit your POA document to protect yourself. b*PV]s.o>5)&YdK}TT+'J?6u'&>#Sar`f|7?uVr{NtHBQL}'\*u%cvwE3*t h(i5b\{RiK'.{cL`Y?B'IOc9e$!MA dErfwEs`Iu=##~V$.Y\;C:wn^43'sA1$d 2Qp({=4zXebINH/`2|4av9J:o%n $pBYv 0&98p;>!-K;v(\oS oZyo@d y8_]j6#G>`'S{ fH{p5* p_.'N9az\46NV44r"#\-#e/+fmtj~{(ZJ!dhk!1`PP,ecu r{5FQC{v/'-g?GD6|dcyfl*1 BJB{f4u$a$6X?^k'7DD>|b\[jR{e U:U55Z{vOT9+6^WS2NB$83Bg! Of course, superintendents, assistant superintendents and principals are by law appointed, employed and directed by their respective superiors (ultimately, the school committee). If the person to whom the Benefit Verification Form is addressed is deceased, or under guardianship or conservatorship or has assigned power of attorney to another person, a survivor or the appropriate responsible person needs to complete and return the form. hbbbd`b``3~0 % Learn about programs such as prescription drug assistance, elder financial fraud, caregiver support, housing and more. Share sensitive information only on official, secure websites. In order to determine the amount of the reduction that applies to you, please contact the Social Security Administration at 800-772-1213. The critical shortage application process is similar to that for requesting a waiver for certification. Moving or going to a temporary address? Any health insurance benefit that you may be entitled to will be administered under the insurance program that your spouse was eligible to join upon his or her retirement. , MV You should seek advice from a professional tax advisor or the Internal Revenue Service. 0000057005 00000 n Elder abuse includes: physical, sexual, and emotional abuse; caretaker neglect; financial exploitation and self-neglect. You apply for Medicare through your local Social Security office. President Obama and Senate Democrats insisted as late as a month out from the likely default date that a debt ceiling increase should be "clean" - the President Biden and Senate Democratic position in 2023 - but President Obama eventually indicated a willingness to negotiate with Republicans on deficit reduction. At the time of your retirement, we ask you to instruct us whether you want us to withhold any amount for income taxes and, if so, how much. However, if you designate someone to receive the pro-rata amount due in the month of your death, we can issue payment directly to your designee rather than your estate. Please limit your input to 500 characters. 0000119867 00000 n Retirement Board meeting 8:30 AM. Yes. If you have further questions, please call our main office at 617-679-6877 or email us at, If you need help in determining your federal tax withholding, use the, Calculation Worksheet for Post-Retirement Earnings in the Public Sector, Post-retirement earnings limitations in G.L. Thus, the System regards leased employees in such positions to be render[ing] service to the district and thus subject to the limitations of section 91(b). c. 32B, 18. NYSLRS pays retirement benefits at the end of each month by mail on the second-to-last business day, . Section 91(b) provides a general exception to this prohibition, allowing post-retirement employment for up to 1,200 hours in any calendar year, and limiting annual earnings to the difference between the retirees retirement allowance and the salary being paid for the position from which he/she retired. @ 8An"|.oe*BUvT%9%m"[*kp5A aa0[sM#e}`st&(s=o#j Likewise, for calendar year 2024, her annual retirement allowance would increase to $48,585 (an additional $32.50 per month for January through June, and an additional $65.00 per month for July through December, for a total increase of $585), and her allowable earnings for calendar year 2024 would decrease by $585, to $31,415. While you are an active educator, your health insurance premiums may have been withheld on a. 4 : Identifies payments received by a survivor, beneficiary or estate of a deceased member or retiree. Please be sure to change your address with us to ensure that you receive your checks or direct deposit statements. If you use Direct Deposit, you will have your benefit payments available to you on the scheduled dates shown below. The local insurance program will then serve as a supplement to Medicare. Consequently, only your contributions made prior to January of 1988 and any purchases of creditable service made with after-tax dollars will be eligible for exclusion from your federal taxes. 617-727-7750 Accordingly, you may want to print this page and complete the worksheet on paper. 0000120599 00000 n 2 sra.maryland.gov Your 1099-R form makes tax time less taxing BLOCK 1: Gross Distribu- . These sessions include fraud and scam prevention, banking, credit, savings, financial recovery, and more. Suggestions are presented as an open option list only when they are available. There are several types of POA: The laws pertaining to POAs may differ in different states. Direct deposit is a safe, convenient way to receive your retirement allowance. As the MTRS cannot provide you with legal advice, please consult a lawyer for more information. We empower Minnesota public employees to build a strong foundation for retirement. If the individual designated as the Option C beneficiary by the member is deceased, no survivor benefits will be paid after the members death. Set up an appointment. Since your health care will be administered by the same community from which you are retiring, there should be no reason for you to experience a lapse in coverage. Questions you should ask your local benefits coordinator include: Since the local communities have jurisdiction over all of the questions listed above, we suggest that you contact your local coordinator prior to your retirement to ask these very important questions. 0000012018 00000 n 212 0 obj <>stream 0000030403 00000 n 0000061453 00000 n M.G.L. when the MTRS needs to inform retirees of new information and prints a special notice on the top portion of the direct deposit statement; and, at the end of December, when the MTRS provides you with a statement that shows your complete year-to-date information for the calendar year. General Laws c. 71, 59 and 59B. Month Check Mailing Date (M . 2AG,jH" s`7h&2`W=-}Xy8k;b6Z>Zq/-;sYm ^#" ^LB)hBeMGft BhsF.mAThujMb>-hGG+G~c4g:,8 Q G[=*h:ThbZT4yEz3@@d0@I#F)T:ox"@+kXl=z\I Created Date: 9/15/2022 11:27:33 AM . Monthly pension payments are direct deposited on the final business day of each month. The retirement plan information that appears on ORS websites is intended to summarize basic provisions of Public Acts 300 of 1980, 240 of 1942, 182 of 1986, and 234 of 1992, as amended. To ensure accurate processing of your benefits, we will maintain a record that includes your name, address, Social Security number, date of retirement, option retired under, payment method, beneficiary designation and, if any, the amounts you are having withheld for group health insurance or tax withholding. Some page levels are currently hidden. However, pursuant to M.G.L. Most school districts offer continued health insurance to their retirees and either: How this insurance will be administered depends upon which school system you are retiring from. About the Massachusetts State Retirement Board (MSRB), MSRB SMART Retirement & Beyond Online Webinars, MSRB February 2023 Retiree eNews Bulletin, MSRB December 2022 Retiree eNews Bulletin, MSRB November 2022 Retiree eNews Bulletin, Notice of the 2022/2023 PRIM (Pension Reserves Investment Management) Board Election, WEBINAR - SMART Retirement & Beyond: Understanding Group Classifications on 3/8/23, WEBINAR - SMART Retirement & Beyond: MSERS Members Nearing Retirement on 3/9/23, Massachusetts State Retirement Board on Facebook, Massachusetts State Retirement Board on Twitter, Massachusetts Pension Reserves Investment Management Board. The New York State Office of the State Comptroller's website is provided in English. 617-367-7770 Telephone hours are Mon.-Fri. 8:00 am - 5:00 pm, except on State Holidays. 0000050362 00000 n If you need assistance, please contact the Massachusetts State Retirement Board. 0000012892 00000 n If you are still receiving your payment via check, consider changingover 95% of our benefit recipients now receive their retirement allowance through direct deposit! If your school district is not listed in the Retired Municipal Teachers Program (above), your health care coverage after retirement will be administered by your local employer. Your retirement benefit is subject to federal income taxes. Mass.gov is a registered service mark of the Commonwealth of Massachusetts. One Winter Street, 8th Floor, Boston, MA 02108, 436 Dwight Street, Room 109A, Springfield , MA 01103. For additional information on Medicare, please contact your local Social Security office or call theSocial Security Administrationat 800-772-1213. The Home Care Program provides care management and in-home support services to help eligible elders in Massachusetts successfully age in place. Mass.gov is a registered service mark of the Commonwealth of Massachusetts. Be assured that we will work to process the survivor benefit as sensitively and expeditiously as possible. This means your Retirement Application must be completed and signed by both you and your retirement coordinator and received in the OPERS office in Oklahoma City no later than 60 days before your retirement date. c/o Benefit Verification Processing Coordinator The law does not permit retirees who waive their retirement benefits and then accept public employment to supplement their incomes by the device of reinstating their retirement allowances for the 1,200-hour period during each calendar year. Elder Protective Services can only investigate cases of abuse where the person is age 60 and over and lives in the community. 0000061255 00000 n THE NEXT TASK FORCE MEETING IS SCHEDULED FOR: Date: June 12, 2013 Time: 10:00 A.M. - 12:00 Noon The CalSavers program offers a traditional IRA in addition to a Roth IRA, and has oversight from a public board of directors. You may want to consider a policy that lets you maintain your lifestyle, helps you save, helps cover some costs for extended periods of care, or provides a stream of . We will use this information to improve this page. About a year from your effective date of retirement, you should once again ask for clarification of the eligibility of your spouse to participate in your insurance program. NOTE: Salary means, essentially, the type of payments that constitute the regular compensation used in the calculation of your retirement allowance, including but not limited to your contractual salary, longevity, and eligible extra duty stipends, including stipends for athletic coaching. At that point, he or she will provide you with the necessary paperwork to enroll for coverage as a retired teacher. Payment dates for 2022. If you are a Massachusetts resident, however, your benefit is not subject to state income taxes. YourForm 1099-Rwill indicate the total amount of your retirement benefits for the previous calendar year; the amount withheld by the MTRS for federal income taxes, if any; and, the amount, if any, withheld for your group health insurance premiums. Toll free Local Elder Service Agency: 800-243-4636. Please remove any contact information or personal data from your feedback. For those calling from Massachusetts only. Paper checks are mailed two business days prior to the direct deposit date. $1,306.57. 0000061268 00000 n You should contact your local payroll or benefits department coordinator or your Town Treasurers office. If the members beneficiary predeceased him or her, the member would have been eligible to pop up to the higher Option A benefit amount for the remainder of his or her retirement. Pursuant to Massachusetts General Laws c. 32, 91, there are limitations on the amount of time that a rehired retiree may work and the amount of money that he or she may earn. No. Date of Birth* This helps us understand your immediate needs. The example illustrates the calculations for a retiree who is 59 on her retirement date of June 30 and who receives an annual retirement allowance of $30,000. This means that you, as a member of a contributory retirement system, pay into our system instead of Social Security; you do not earn any Social Security credits or quarters for your MTRS contributions or service. January 31, 2023 February 28, 2023 March 31, 2023 April 28, 2023 May 31, 2023 June 30, 2023 July 31, 2023 August 31, 2023 September 29, 2023 October 31, 2023 November 30, 2023 December 29, 2023 FYI Every year, thePublic Employee Retirement Administration Commission(PERAC) files with the Legislature a report detailing the increase or decrease in the Consumer Price Index (CPI). 0TqV&Wq:qeh&2+V+='=yP2OYH2jlv|p_AjP2Ywm\Y[!&V^n4 AhBO9Ym%!X%gmD&ZARnm*7xuI,!R x8w1x\dPl{GK+6>p0FYU+OP1J-Sj{fsR`df HCfR5Ti iLKfA84 kJ-NA2|zgG TR^C"Qa[s a*_gj? INTRODUCTION. 0000018156 00000 n At that point, you will determine the type of coverage that will best meet your needs. 169 44 2023 Retirement Paycheck/Direct Deposit dates (60 KB) 2022 Retirement Paycheck/Direct Deposit dates (59 KB) 2021 Retirement Paycheck/Direct Deposit dates (212 KB) Upcoming Events. May 31 is a holiday and you would be paid for this day and not have to report to work (unless you typically work on . If you are receiving a monthly benefit payment from us, please complete a Change of Address FormRetired member, or if you do not have access to a printer, contact us and we will mail you a form. The feedback will only be used for improving the website. A member may name only one person as a member-survivor beneficiary and this person must be the members parent, spouse, sibling, child or former spouse who has not remarried. Your health coverage as a retired teacher will generally begin when your coverage as an active teacher ends. If you rely exclusively on your Social Security checks . 0000012471 00000 n To sign up for direct deposit, simply download ourDirect Deposit Authorization Form or call our main office at 617-679-6877 to request a copy. you will be eligible to receive a Social Security benefit, or, you are married to someone who will be eligible to receive a Social Security benefit, or. Follow us on Facebook for the latest MSRB news and updates! 2 : Applies to certain distributions including regular retirement benefits paid to retirees under the age of 59-1/2. Your First Monthly Benefit Payment After all Forms and documentation are on file with KPPA, your initial retirement benefit will be processed the month in which your retirement is effective. We will place a stop-payment order on the check and issue a replacement, usually within five to ten days after we receive your written notification. If, however, the Legislature approves a 3% COLA for fiscal years 2023 and 2024, and the COLA base remains $13,000, then Trudys annual retirement allowance for calendar year 2023 would be $48,195 (an additional $32.50 per month for the six months of July through December, for a total increase of $195), and her allowable earnings for calendar year 2023 would decrease by $195, to $16,805. If that day falls on a weekend or holiday, payments will be issued on the last business day of the previous month. X$O"s)Z1Dky2?K@us!6dvk-n=,AYn/"QTB:eJ5AcU^'r]:1(:4mv2srAe16$_6+OE.fe7V This is a very serious process, intended to prevent the fraudulent collection of pension benefits by ineligible parties. 0000061570 00000 n Health insurance for retired members of the MTRS is not provided by the MTRS, but, rather, is a local contractual benefit. In most cases, no; the monthly benefit that you receive from the MTRS is a lifetime benefit. Please be aware that this worksheet is adapted from the IRS version and applies only to your federal tax liability on your MTRS retirement allowance in the first calendar year of retirement. You can also view your monthly pension benefit statement by visiting PayInfo. Prior to 1981, the state funded state and teacher retirees COLAs, while local governments were required to fund city, town and county COLAs. 0000087967 00000 n For more information, click here to visit our Retiree Resources page. If you receive your check before the date it is payable, please do not cash it until the payable date. It is very important to understand what will be covered by Medicare, what will be covered by supplemental insurance and how the two insurance programs interact. you had 20 years of creditable service under the MTRS before December 1, 1982 or, you were age 55 and had at least 10 years of creditable service before December 1, 1982 or. 10/25/2023. The home page will provide you with the contact information for the approximately 350 local Councils on Aging. We will use this information to improve this page. 0000001432 00000 n In the event of loss or theft, notify us in writing no earlier than one week after the mailing date to request that we issue a replacement check. If your spouse retired under Option B and died within 30 days of his or her effective date of retirement, you may be eligible to receive a monthly survivor benefit. c30H3?ayFzy_5h53l`Xl !q8Xf1=?tQf>#SC,=20M20l0 | A power of attorney (POA) is a written document in which you (the principal) authorize a trusted individual whom you select (your attorney-in-fact or agent) to act on your behalf. 0000088701 00000 n hbbbd`b``3~0 % PO Box 302 . Recent legislation expands the program to almost all employers with at least one employee (sole proprietors are . the MTRS provides you with your year-end statement in December, showing your complete year-to-date information for the calendar year. From 1998 to 2011, the base remained at $12,000, for a maximum annual increase of $360. Whether a survivor will receive a benefit and, if so, what type, depends upon: When the member retired, he or she chose one of three retirement benefit options. You also need tocontact uswhen certain events occur. Bypass the call center if you know your party's extension. 2AG,jH" s`7h&2`W=-}Xy8k;b6Z>Zq/-;sYm ^#" ^LB)hBeMGft BhsF.mAThujMb>-hGG+G~c4g:,8 Q G[={wN2>6v^+P%=/zu Please be advised that you should not assume that you are working under a critical shortage waiver unless you have received a copy of the approval from the ESE. 0000012892 00000 n A common example is a temp agency that supplies temporary workers. you were age 55 or had 20 years of creditable service before July 1, 1983 and you received half support from your spouse. Alternatively, you may complete and submit a new Authorization of Direct Deposit (VRS . Information for retirees and survivors of members in the Massachusetts State Employee Retirement System. 0000001432 00000 n If you want to work beyond the time and earnings limitations, you must notify the MTRS in writing that you wish to waive your retirement allowance for the period of employment. Bypass the call center if you know your party's extension. We issue benefits earlier in November and December because of the holidays. For retirees whose total earnings exceed $80,000 (for a single person) or $160,000 (for a married couple filing jointly), the Part B premiums increase on a sliding scale, up to a maximum of $161.40/month for those retirees whose income exceeds $200,000 (single) or $400,000 (married filing jointly). 169 0 obj <> endobj Cost-of-living adjustments are granted to MTRS benefit recipients by vote of the Massachusetts Legislature. May 25 June 23 July 25 August 24 September 25 October 25 November 22 December 21 2022 Mailing Dates Benefit Mailing Information The Division of Retirement and Benefits mails checks monthly to benefit recipients (retirees, disabled members, and survivors). r&' $Wig}ckyT!j2o'XSNz!GD\YmG9dK[ \vtsQ]87|iH~k-0gq1)Bwcbc\s]M)(~KN|7WQW\:v?3@,=/\~r{XNCJ's?&V Fe#>n[& Ge?&e#gU> 0000155383 00000 n 0000119740 00000 n The two exceptions concern members who retire under accidental disability retirement. the survivors relationship to the member, the type of beneficiary the member specified and who the member named as a beneficiary on his or her MTRS Beneficiary Designation form, and. A .mass.gov website belongs to an official government organization in Massachusetts. 0000089414 00000 n The amount of your monthly accidental death survivor benefit will equal the pension portion of your spouses accidental disability benefit. Please do not include personal or contact information. Share sensitive information only on official, secure websites. 12/26/2023. if you are eligible for group health insurance benefits under the RMT Program and you: Yes. You maychange your federal tax withholding amountat any time during your retirement simply by notifying us. You are receiving an MTRS ordinary disability retirement benefit and you turned age 55 during the calendar year. Heres how: In MyTRS, do NOT use your browsers Back or Refresh buttons, as they may disrupt your connection and cause your session to become invalid. We will gladly answer your questions on your MTRS benefits regarding your retirement and keep you up to date on relevant issues, such as pending benefits and our services,legislation,Boardelections andcost-of-living adjustmentsby way of ournewslettersand special mailings. Direct Deposit 2022 December 1, 2021 (Wednesday) December 15, 2021 (Wednesday) COLA January 3 (Monday) Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on your Social Security benefits depends on your income level. Please review the instructions in the shaded box on the back of the form, then check one of the two boxes to indicate the status of the Benefit Recipient. Regional Office: 436 Dwight Street, Room 109A, Springfield, MA 01103. The feedback will only be used for improving the website. Please see Question 5(b) directly above. 0000000016 00000 n The Option C survivor benefit can only be paid to the individual designated by the member as the Option C beneficiary, and the member has only one opportunityat the time of his or her retirementto designate this individual. trailer Opinion of the Attorney General, February2,1979. Youll also find resources on affordable housing, emergency housing, and more. Available in most U.S. time zones Monday - Friday 8 a.m. - 7 p.m. in English and other languages. Click the link below to log in to your Retiree PayInfo account. If you expect to collect a spousal or widows benefit under Social Security, these benefits may be reduced by two-thirds of the amount of your MTRS retirement allowance. If, however, you wish to make the payments yourself, you will be responsible for making arrangements with your local coordinator to ensure that you meet your towns monthly payment dates. 0000001609 00000 n If the member applied for accidental disability retirement prior to November 7, 1996, and you were married to the member on the date of his or her retirement, you may receive the minimum monthly spousal benefit, currently $1,000/month. 2022 IRS Tax Withholding Changes Retirement benefits are payable on the last state business day of the month. A lock icon ( If I am not eligible for Medicare? contact the Massachusetts State Retirement Board, Retirement Information for Retirees and Survivors (MSRB). Make sure to scroll all the way down and click the, Enter your username and password and click, Select your preferred method for Two-Factor Authentication code (2FA) delivery method and click, Follow the instructions to enter your 2FA code. 0000024084 00000 n To help the MTRS process these cases, we list the names of our benefit recipients with unclaimed funds here, in the hope that their survivors and/or estates will contact us to claim any funds that may be due. Process and pay your monthly retirement allowance This can occur as a result of one of the following: In the tax year in which you turn 59-1/2, you will receive two 1099R forms from us, as the IRS requires that we identify and distinguish between payments that are made to you when you are under age 59-1/2, and payments that are made to you when you are over age 59-1/2. In case of postal delays, the following options can help you access your IRS Form 1099-R. /Note: Monthly Pension checks are dated and mailed on these dates. Local Councils on Aging offerings may include outreach, transportation, meals (congregate or home delivered), health screenings, health insurance counseling, socialization, fitness, wellness, recreation activities, and lifelong learning. 0000089226 00000 n If the annuity accountis depleted while the member is receiving his or her retirement allowance. 0000061583 00000 n The ESE has adopted regulation 603 CMR 7.14(13)(b), allowing the Commissioner of Elementary and Secondary Education to deem that a district has a critical shortage upon the request of a superintendent and demonstration that the district has made a good-faith effort to hire non-retirees and has been unable to find them. When a member chooses to receive an Option B retirement allowance, he or she is selecting an allowance that is approximately 1% less than the maximum amount he or she could have received under Option Abut he or she is also providing a potential benefit payable to a survivor or survivors after death. Office of State Treasurer and Receiver General Deborah B. Goldberg. As you probably know, Massachusetts is one of a handful of non-Social Security states. 0000089296 00000 n It is the responsibility of the rehired retiree to provide his or her employer and the treasurer of the city or town (or the source responsible for paying the retiree) with a certification of the length of time worked and the amount of income earned in a given calendar year. 0000163621 00000 n What happens to my coverage at age 65 if I am eligible for Medicare? You will receive this benefit for the rest of your life. 0000061383 00000 n the local municipalitys program, you should make arrangements with your local insurance coordinator to continue coverage through your group insurance program. If you are a Retiree and need to reset your password, call (617) 367-7770 ext. If You Have Direct Deposit Children who are physically or mentally incapacitated and unable to be financially self-supporting on the members date of death will receive a lifetime benefit. Some towns pay a different portion for active members than they do for retirees. Approved last May, Nebraska's legislative bill 387 increased the amount of military retirement pay that can be deducted from gross income when filing state income taxes to 100% in 2022, meaning .