Tax Forms and Withholding

IRS Withholding Certificate for Periodic Pension or Annuity Payments

Montana State Withholding Certificate

Retired TRS members who remain covered on their former employer's group health insurance plan on a self-pay basis may elect to have their monthly insurance premiums deducted from TRS benefit payments.

Once a retired member has authorized the deduction and the former employer has notified TRS of the premium amount, TRS withholds and forwards the funds to the employer. Because TRS benefits are paid on the last business day of the month and insurance premiums are due in advance, the withheld funds are intended for payment of the following month's premium.

Please note:

• The retiree must contact the former employer to elect this option. TRS has no knowledge of or connection to the employer's insurance provider.
• TRS will continue to deduct the same amount each month until the employer provides timely notification to TRS that the deduction will change or terminate.
• TRS cannot deduct premiums for individual policies or other types of insurance.