Our Mission: To be a unifying force representing the needs of current and future Delphi Salaried Retirees and their families by: being a reliable source of pertinent information; communicating and promoting issues that are relevant to the Well Being of its members; and supporting the development of local groups focused on personal involvement in national and local issues.

1-30-11: PBGC pension, taxable portion calculations

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Published Saturday January 29 2011 19:00 EST

When DSRA members receive their 1099-R from the PBGC for pension payments in 2011, they do NOT provide a breakdown into taxable pension payments and non-taxable “return of contribution” payments.  Delphi provided that service with the breakdown on the 1099-R, but the responsibility now rests with the retiree.  Failure to calculate the correct non-taxable and taxable portions of pension payments could result in payment of higher taxes than are actually due.

DSRA has provided a REVISED EMAIL ON 1/30/2011 to all members with assistance on this matter, members should check email for updated information please.

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