NHRS is providing this general information as a courtesy to our retirees. If you have additional tax questions, you should consult with the IRS or your tax advisor. The retirement system cannot provide advice regarding federal income tax issues.
1099-R forms
2023 Form 1099-Rs will be available for download on My Account in late January and will be mailed to all retirees and beneficiaries no later than January 31.
A Form 1099-R is an IRS form that reports a taxpayer's distributions from pensions and/or other retirement plans. Form 1099-R reports the gross distribution, any taxable amount applicable to that gross distribution, and any portion of federal income that was withheld, as well as other tax information.
NHRS mails the 1099-R to the current address on file.
Please note that NHRS transitioned to a new My Account website in December; retirees with active accounts will be able to use their existing username and password to set up an account in My Account 2.0. Instructions on account transfer/setup are available at: https://www.nhrs.org/my-account/my-account-additional-information
Retirees and beneficiaries who want to sign up for My Account can do so at: www.nhrs.org/my-account
If you do not receive your 2023 1099-R in the mail by February 13, 2024, please contact NHRS at 603-410-3500, Press 2. Our office hours are Monday through Friday, 8 a.m. to 4 p.m.
Click here for more information on reading your IRS Form 1099-R.
Questions about insurance premiums
Certain retired public safety workers may be eligible to exclude from their taxable income up to $3,000 of retiree health care premiums that are paid with their pension benefit. NHRS receives a number of tax-related inquiries from retirees looking for the amount of insurance premiums withheld from their pension benefits. This information is not reported on IRS Form 1099-R.
NHRS advises retirees to contact their former employer or third party administrator (TPA) (i.e. HealthTrust, SchoolCare, etc.) and their tax advisor to confirm the amount paid for health insurance for 2023 and to determine if they are eligible for the tax exclusion. The amount withheld by NHRS from pension benefits does not include any premium payments or refunds made directly between the retiree and the former employer or TPA during the year.
Form W-4P
Federal regulations require NHRS to notify you every year of your right to change your federal income tax withholding. The most recent Form W-4P that you have filed with the retirement system automatically remains in effect unless you file a new Form W-4P. If you do not wish to make an election or to change your prior election, no action is necessary.