RETIREE CORNER

GUIDELINES IN THE EVENT OF DEATH OF A RETIREE:

FOLLOW THESE GUIDELINES IMMMEDIATELY UPON THE (DEATH) PASSING OF A SPOUSE OR OTHER FAMILY MEMBER SO DESIGNATED. THIS WILL REDUCE ANY DELAY IN PROSSING A CLAIM OF ESTATE.

1. EMPLOYEE BENEFITS OFFICE ROOM # 6008 NYCTA-MTA 180 LIVINGSTON STREET BROOKLYN, NY 11201

PHONE NUMBERS– 1-347-643-8500   1-347-643-8550  
FAX - 1-347-643-8409

PROVIDE NAME, PASS #, SOCIAL SECURITY # AND DATE OF DEATH:

SOCIAL ADMINISTRATION 1-800-772-1213

2. THE FOLLOWING IS EXTREMELY IMPORTANT. YOU WILL BE ABLE TO TRANSACT BUSINESS WITH AN EMPLOYEE OF NYCERS (NEW YORK CITY EMPLOYEE’S RETIREMENT SYSTEM). 1-347-643-3000 - 1-877-669-2377 – (TOLL FREE)

3. HAVE THE FOLLOWING INFORMATION READY: DATE OF DEATH, SOCIAL SECURITY NUMBER, PENSION NUMBER, ALSO BE ABLE TO ADDRESS THE QUESTION OF THERE IS A BENEFICIARY DESIGNEE AND YOU HAVE A COPY OF SAID BENEFICIARY (PHOTO COPY ADMISSABLE). YOUWILL RECEIVE FORMS FROM NYCERS, FILL OUT AND RETURN BY CERITIFIED-MAIL – RETURN RECRIPT REQUESTED.

Join our Retirees Group to keep up with what's going on. For more information: E-mail us at: TMBARETIRED@AOL.com with your name, address and retirement date from MTA NYC Transit.

9/08

STATES WITH NO INCOME TAX, SALES TAX, TAX ON RETIREMENT INCOME BEST & WORST

STATES WITH NO INCOME TAX

Don't assume that a state with no income tax qualifies as a tax haven. High sales and property taxes can more than offset the absence of an income tax.

7 States With No Income Tax
Alaska - Florida – Nevada – South Dakota – Texas – Washington - Wyoming (N.H. and Tenn. tax only dividend & interest income that exceeds certain limits.)

Pensions - Tax Heavens
Only three states exempt virtually all retirement income (including public and private pension benefits, 401(k) and other retirement-plan distributions, and IRA withdrawals) from state income taxes.

3 Best States for Pensions
Illinois – Mississippi - Pennsylvania

PENSIONS - TAX HELLS

Five states are particularly tough on retirees. Not only do they fully tax most pensions and other retirement income, but most of them also have fairly high top tax brackets.

5 Toughest States for Pensions
California – Connecticut – Nebraska – Rhode Island - Vermont

Social Security Benefits - Tax Heavens
(36 states and the District of Columbia don't tax Social Security).

36 States That Are Heaven
Alabama – Alaska – Arizona – Arkansas – California – Delaware – Florida – Georgia – Hawaii Idaho – Illinois – Indiana – Kentucky – Louisiana – Maine - Maryland – Massachusetts – Michigan Mississippi – Nevada - New Hampshire - New Jersey - New York - North Carolina – Ohio Oklahoma - Oregon – Pennsylvania - South Carolina - South Dakota – Tennessee - Texas Virginia - Washington - Wisconsin - Wyoming

SOCIAL SECURITY BENEFITS - HELLS

(The remaining 14 states tax Social Security benefits to some extent).

14 Tax Hells
Colorado – Connecticut - Iowa, Kansas – Minnesota – Missouri – Montana – Nebraska – New Mexico - North Dakota - Rhode Island – Utah - Vermont - West Virginia. (Iowa will gradually phase out its Social Security tax by 2014, starting in 2008)

10/08