Mercer Select US - New IRS income tax withholding rule for pension payments addresses underwithholding problem

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The "Acting as" feature on Mercer Select allows Mercer employees to see Select in the same way as Mercer clients and contacts who are members of one or more of the Select offerings. Simply use the pulldown menu on the top of every Mercer Select page, choose which of the common membership roles you want to play, and view the content in the same way as a member of that offering (or group of offerings).

Like some Mercer Select members, you may encounter content that is available only to certain membership offerings. In this case, you will be directed to a screen with a message explaining what steps you can take to view the content. As a Mercer employee, all you'll have to do is switch your role back to the Acting as Consultant role to see the content.

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New IRS income tax withholding rule for pension payments addresses underwithholding problem

New IRS income tax withholding procedures for pension payers respond to concerns that revised withholding tables issued in February may result in underwithholding on pension payments. The revised tables, effective April 1, reflect the "Making Work Pay" tax credit and apply to pensions -- even though they are ineligible for the credit. The new optional procedures explain how to calculate additional withholding for pension payments and encourage payers to contact retirees who submitted updated Forms W-4P. Payers may choose instead to continue using only the February withholding tables. (Select News, 15 May 2009)

New IRS income tax withholding rule for pension payments addresses underwithholding problem

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