Bruce Rauner, Governor
This information reflects the laws governing JRS. Your specific benefits are based on the laws in effect on your last day of employment. In order to receive any benefit, you must apply for it. All benefit claims should be made to JRS. After you begin receiving benefits, you should notify JRS if you change your name or address. All JRS records are maintained according to your Social Security Number.
After JRS receives your pension application with the required information, we make every effort to process your first annuity payment within 30 days or less.
The first annuity payment is mailed from the Office of the Comptroller directly to your home. A Notice of Pension Approval, containing important information about your retirement annuity, and a tax brochure explaining the taxation of your annuity is mailed to you about the same time.
Attached to the check is a payment stub showing the payment amount, and all payments made in a calendar year.
Future annuity payments are mailed on the 19th of each month unless the 19th is on a weekend or holiday. In this case, they are mailed on the last working day before the 19th. If your payment is mailed directly to your home, allow up to 10 days.
If you do not receive your payment within this allotted time, contact our office.
When you apply for benefits with JRS, you will receive a Depository Agreement form, along with an explanation of this program. If you choose Direct Deposit, have the form completed by your financial institution and return it along with your application for benefits.
With this Depository Agreement, your first two payments are mailed to your home. All future payments are deposited into your bank account on the 19th of each month, but a payment stub is not generated for each payment.
Instead, the Office of the Comptroller periodically issues earning statements providing you with the information that would appear on the payment stub.
Illinois law exempts all Judges’ Retirement System benefits from state income tax, but federal tax is due. When you initially apply for benefits, JRS will send you IRS Form W-4P, “Withholding Certificate for Pension or Annuity Payments” as part of your benefit application.
The W-4P lets you elect not to have taxes withheld, or to designate the amount of taxes withheld from your annuity. If the W-4P is not completed, we withhold taxes at the rate for a married individual claiming three exemptions.
The Office of the Comptroller is required to issue a 1099-R by January 31 of each year. This form shows annuity amount you received for the past year, the portion that is taxable, and any federal or state income tax withheld. This form is used to prepare your income tax return and should be attached to IRS Form 1040 when you file.
Any survivor contributions refund is subject to a 20% automatic federal income tax withholding, unless the refunded amount is rolled-over to another qualified plan.
The Office of the Comptroller is required to issue a 1099-R by January 31 of the year following your refund. This form shows the amount of the lump sum distribution, the portion that is taxable and any federal tax withheld.