Begin Main Content Area

Death Benefits

I just received my Finalized/Initial Benefit letter.  It shows my monthly payment amount, less another amount.  What is coming out of my payment? 

Your PSERS monthly benefit is subject to federal taxes.  The negative amount indicated on your Finalized/Initial Benefit letter reflects the amount of Federal Withholding Tax deducted from your monthly benefit.  For more information, see Taxes on Benefits.