Is my pension taxable? How do I report it on my tax return?

Yes, your pension is considered earned income for tax purposes. This means that the pension income you receive during the year has to be reported to the IRS and therefore is taxed. The Fund Office will mail out a 1099R form by January 31st of each year to your address on file. Please note, however, that this is a very general summary of the potential tax consequences of your pension benefit so you should consult with your own tax advisor if you have questions on the tax implications of your pension benefit.